Layne Christensen (LAYN) Income And Revenue Surge

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.