Lufkin Industries (LUFK)

[MR. McBALL$]

WHOOOOAAAAA !!!!! LUFK

Bounce Alert !!!!!!

Waiting on bottom..
Low today- $49.62

Open 52.77
Previous Close 59.33
52 - Week Range 42.10 - 85.68
10/5/11 - 2/23/12
Avg Volume (10 days)601,616
P/E (Trailing 12 mo.)28.54x
EPS (Trailing 12 mo.) 2.079
Next Earnings Date7/30/12-


Lufkin Industries misses by $0.16, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY12 EPS below consensus, revs below consensusFont size: A | A | A
6:10 AM ET 7/30/12 | Briefing.com
Reports Q2 (Jun) earnings of $0.66 per share, excluding the $0.09 per diluted share impact of expenses related to prior-period pension re-measurement, class action settlement costs and acquisition related expenses, $0.16 worse than the Capital IQ Consensus Estimate of $0.82; revenues rose 34.7% year/year to $305.6 mln vs the $307.21 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.70-0.80 vs. $1.09 Capital IQ Consensus Estimate; sees Q3 revs of $330-340 mln vs. $341.84 mln Capital IQ Consensus Estimate. Co issues downside guidance for FY12, sees EPS of $3.00-3.20 vs. $3.72 Capital IQ Consensus Estimate; sees FY12 revs of $1.25-1.27 bln vs. $1.28 bln Capital IQ Consensus Estimate. With regard to Q2, co states: "Low natural gas prices are also continuing to hinder the performance of ILS and PHL, which supply plunger lift, gas lift and hydraulic lift equipment. We have been transitioning our operations and service focus for these products away from dry gas plays towards liquids-rich areas, but we've been unable to fully offset the impact of the drop in gas production and coalbed methane dewatering activities by our customers in specific regions." Adding color to its outlook, co states: "While we expect the pace of orders to remain brisk, we may see third quarter bookings decline sequentially, because several customers placed large orders, covering multiple quarter requirements during the second quarter."