IPS
IPSCO beats handily on top and bottom line, guides Q3 EPS above consensus (86.95 ) : Reports Q2 (Jun) earnings of $3.25 per share, $0.47 better than the Reuters Estimates consensus of $2.78; revenues rose 29.9% year/year to $893.6 mln vs the $832.7 mln consensus. Co issues upside guidance for Q3, sees EPS of $3.30-3.50 vs. $3.00 consensus. Co comments, "We expect energy prices to remain high and therefore continue to drive high drilling activity and demand for OCTG products. In addition, our large diameter spiral pipe facilities are booked at full capacity through the third quarter of 2007
IPSCO beats handily on top and bottom line, guides Q3 EPS above consensus (86.95 ) : Reports Q2 (Jun) earnings of $3.25 per share, $0.47 better than the Reuters Estimates consensus of $2.78; revenues rose 29.9% year/year to $893.6 mln vs the $832.7 mln consensus. Co issues upside guidance for Q3, sees EPS of $3.30-3.50 vs. $3.00 consensus. Co comments, "We expect energy prices to remain high and therefore continue to drive high drilling activity and demand for OCTG products. In addition, our large diameter spiral pipe facilities are booked at full capacity through the third quarter of 2007
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