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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42743)	10/25/2005 4:42:40 AM
From: Johnny Canuck	Respond to of 69326

8:01PM Maverick Tube earnings fall nearly 43%; revenue rises (MVK) by Katherine Hunt SAN FRANCISCO (MarketWatch) -- Maverick Tube Corp. (MVK) late Monday reported its third-quarter net earnings dropped 42.9% to $39.2 million, or 90 cents a share, from $68.5 million, or $1.60 a share, during the same period a year ago. The St. Louis-based manufacturer of tubular products for the energy industry posted revenue of $489.1 million vs. $353.7 million. Analysts surveyed by Thomson First Call had forecast earnings of 87 cents in the third quarter. [Harry: If the trend goes beyond this quarter, then oil prices and production/demand will probably have peaked, as most of this drop should be due to Hurricanes preventing construction. Renewed strength due to repair to infrastructure should appear next Q.]