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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Omer B. who wrote (58091)1/7/2000 11:44:00 AM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
Not sure if this has been posted either.

Oil News
Fri, 07 Jan 2000, 11:39am EST

1/7 11:04 BJ Services Says 1st-Qtr Profit to Exceed Estimates Up to 67%
By Steve Klein
BJ Services Says 1st-Qtr Profit to Exceed Estimates Up to 67%

Houston, Jan. 7 (Bloomberg) -- BJ Services Co., an oilfield
service and equipment company, said it expects fiscal first-
quarter earnings to exceed analysts' estimates as much as 67
percent because of growth in its North American drilling
business.

The company estimates profit between 21 cents and 25 cents a
share for the quarter ended Dec. 31. The average estimate of
analysts polled by First Call/Thomson Financial is 15 cents.

Revenue rose 20 percent to $354.4 million, including a 37
percent rise in U.S. pressure pumping sales and a 15 percent rise
in international pressure pumping sales.

Houston-based BJ Services plans to release its earnings on
Jan. 25. Shares rose 2 3/4 to 43 3/16 in late morning trading.


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