Superior Offshore misses by $0.13, beats on revs; issues upside FY07 revenue guidance

Reports (Sep) earnings of $0.17 per share, excluding non-recurring items, $0.13 worse than the Reuters Estimates consensus of $0.30; revenues rose 17.2% year/year to $75.5 mln vs the $61.02 mln consensus. Co issues upside guidance for FY07, sees revs of $265-275 mln vs. $260.57 mln consensus. Co issues downside guidance for FY08, sees revs of $320-350 mln vs. $376.6 mln consensus. Q407 EPS is expected to range form $0.12-$0.16, includes one-time charges of $0.16-$0.20.