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Cameron International Corp Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2013 EPS Guidance

Thursday, 25 Jul 2013 07:31am EDT 

Cameron International Corp announced that for third quarter of 2013, it expects earnings to be in the range of $0.80 to $0.85 per diluted share excluding charges. For fiscal 2013, earnings are expected to be in the range of $3.40 to $3.55 per share excluding charges, down from previous fiscal 2013 guidance, revised full year guidance is a primarily result of later than expected bookings for the newly added OneSubsea businesses. A number of project awards shifted to later periods and this has impacted their projected earnings for the remainder of fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.68 for fiscal 2013; EPS of $1.10 for the third quarter of 2013.