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jump1

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jump1

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Tuesday, 08/06/2013 4:52:49 PM

Tuesday, August 06, 2013 4:52:49 PM

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Reported better-than- expected second-quarter results before today's market open, and the stock was recently trading up 3% to $35.99. Rowan posted second-quarter sales of $408.9 million, up 16.5%, year-over-year, and ahead of the $400.5 million consensus expectation. Earnings per share (EPS) came in at $0.57 ahead of consensus at $0.55. Rowan saw higher average day rates and higher utilization for its fleet. We like this.
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