Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Jon Cave who wrote (40742)	3/24/1999 12:14:00 PM
From: marc chatman	Read Replies (1) of 95453

<<Why is CXIPY down after beating estimates by about 50%? Even if it is the price oil, oil is up so CXIPY should be up. Crazy market.>> I haven't checked the estimates and how they were calculated, but earnings were announced both with respect to the shares in France and ADR's in the US (1 share =2 adr's). If the broker estimates were calculated based on the earnings per ADR (and not earnings per share), then CXIPY missed the estimates. I still love CXIPY for the long term. Either way you look at it they made good money, and note that even in this environment the backlog remained pretty much unchanged. EDIT: I just noticed that CXIPY is proposing a dividend.

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