HOUSTON (AP) — HOUSTON (AP) — Dril-Quip Inc. (DRQ) on Monday reported a loss of $252,000 in its fourth quarter.
The Houston-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The maker of offshore drilling and production equipment posted revenue of $96.8 million in the period.
For the year, the company reported net income of $443,000, or 1 cent per share, swinging to a profit in the period. Revenue was reported as $362.1 million.
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