July 28, 2017 / 10:08 AM / 2 years ago

BRIEF-Dril-Quip Inc announces results for second quarter 2017

July 28 (Reuters) - Dril-quip Inc

* Q2 revenue $128 million versus I/B/E/S view $111.9 million

* Q2 adjusted earnings per share $0.09 excluding items

* Q2 earnings per share $0.00 including items

* Q2 earnings per share view $0.05 — Thomson Reuters I/B/E/S

* Says “‍experienced disappointing product bookings primarily due to weakening commodity prices during quarter”​

* Says ‍believe difficult market conditions will persist at least throughout remainder of 2017​

* Says ‍currently anticipate revenues for second half of 2017 could be as much as 20 percent lower than revenues from first half of 2017​

* FY2017 revenue view $455.1 million — Thomson Reuters I/B/E/S

* Dril-Quip - “continue to believe we will, barring any further unexpected deterioration in oil prices, be free cash flow positive for balance of 2017” Source text for Eikon: Further company coverage:

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