Dril-Quip, Inc. (NYSE:DRQ), which makes engineered offshore drilling and production equipment, said net income rose to $47.1 million, or $1.15 per diluted share, from $31.0 million, or $0.76 per diluted share, beating analysts’ estimates by one cent, according to Capital IQ.
The company said the Q4 results for 2013 results were hit by an after-tax foreign exchange loss of $2.3 million, or $0.06 per diluted share, as compared to an after-tax foreign exchange loss of $0.7 million, or $0.02 per diluted share, a year ago. Total revenues rose 23% to $232.5 million, driven by product sales. That’s just shy of estimates for $233 million.
The company expects its earnings per diluted share for 2014 to be about $5.00 to $5.20 and its 2014 first quarter earnings per diluted share to approximate $1.10 to $1.20. That’s below the $5.42 expected by analysts for 2014 and the $1.22 forecast for Q1.
NRG Energy (NYSE:NRG) reported that it slipped into a loss in 2013 from a profit the year earlier.
The power generation and retail electricity company said its 2013 net loss was $1.22 per diluted share compared to a profit of $1.22 the year earlier. No analyst estimate was available for comparison. Meanwhile, sales rose to $11.3 billion from $8.4 billion, beating the $10.8 billion consensus estimate. The net loss attributable to shareholders total ed $395 million compared to the a profit of $286 million a year ago.
Meanwhile, NRG reaffirmed its guidance for adjusted EBITDA of $2.7 billion to $2.9 billion in 2014.
Internet protocol-based communications-services provider BroadSoft (BSFT) reported Q4 results above analysts’ expectations but forecast adjusted earnings per share for Q1 and 2014 well below Street estimates.
Q4 net income fell to $512,000, or $0.02 per share, from $4.9 million, or $0.17 per share. Excluding one-time items, the company earned $0.47 per share in the latest period, down from $0.48 per share a year earlier but above analysts’ mean estimate of $0.42 per share, according to Capital IQ.
Total revenue climbed 13% to $52 million, topping analysts’ mean estimate of $50.1 million. For Q1, the company forecast revenue of $42 million to $46 million and adjusted EPS of $0.01 to $0.12, with most of the revenue forecast coming in below analysts’ consensus of $46 million and the EPS guidance well below the Street view of $0.30.
For 2014, it expects revenue of $206 million to $212 million and adjusted EPS of $1.26 to $1.46, with the revenue view above analysts’ mean estimate of $205 million but the EPS guidance below the Street consensus of $1.53.
Shares were down 3% in recent pre-market trading after closing Thursday at $30.88, in a 52-week range of $20.45 to $37.93.