Layne Christensen Company LAYN announced on Wednesday morning that it far exceeded consensus Wall Street earnings estimates.
Layne Christensen Company reported that its fiscal 1st quarter net income jumped to $6.6 million, or 34 cents per share, up from $1 million, or 5 cents per share, a year earlier.
The company's revenue rose 13% to $230.7 million, up from $204.2 million a year earlier.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 22 cents per share.
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