Cameron International Reports Record Revenues (CAM)

Houston, Texas-based Cameron International Corporation CAM on Wednesday morning released financial results that beat Wall Street expectations. Cameron International Corporation reported that its 4th quarter net income climbed to $164.6 million, or 66 cents per share, up from $97.3 million, or 41 cents per share, a year earlier. Excluding special items, the company earned 69 cents per share. Cameron International Corporation reported record 4th quarter revenue of $1.81 billion, up more than 23% from $1.46 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 67 cents per share, on revenue of $1.71 billion. Cameron International Corporation (CAM) ended the previous trading session at $53.68 per share. Analysts covering the company's stock have a consensus price target of $58.91 per share. Cameron International Corporation is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. Read more from Benzinga's Company news.