Latest Lufkin Industries (LUFK) Headlines Innol
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Posted On: 03/13/2014 10:47:48 AM
Latest Lufkin Industries (LUFK) Headlines
Innolux Corporation Announces Unaudited 2013 Net Sales NT$422.7 Billion and Net Income NT$5.1 Billion
PR Newswire - Fri Feb 14, 4:25AM CST
Innolux Corporation ("INX", "The Company") (TAIEX: 3481) today announced its 2013 full year results. For the full year 2013, INX reported consolidated revenues of NT$ 422.7 billion, a 12.1% decrease over NT$ 480.9 billion in 2012. Without influence from system integration and lamination business termination, our 2013 revenues represented a decrease of 2.7% over 2012. Gross profit was NT$ 37.7 billion, for a gross margin of 8.9%. Operating profit totaled NT$ 15.4 billion with an operating margin of 3.6%. Net profit attributable to the shareholders of the parent company amounted to NT$ 5.1 billion. EPS equaled NT$ 0.57. The Company shipped 26.62 million square meters of panel in 2013, a 0.3% increase over 26.54 million square meters in 2012. For the full year 2013, the company shipped 426.9 million for small-and-medium-sized units, a 4.8% increase over the 407.2 million units shipped in 2012.
International Artificial Lift Market Report 2014-2018
M2 - Tue Jan 28, 6:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/krg6rh/artificial_lift) has announced the addition of the "International Artificial Lift Market Report 2014-2018" report to their offering. Artificial lifts are suitable for conventional crude production, unconventional crude production, deep and ultra-deep offshore production, rehabilitation of fields, redevelopment of mature fields, low API crude, early production systems, enhanced oil recovery methods, other recovery methods such as Steam Assisted Gravity Drainage (SAGD), Circulated Steam Simulation (CSS) and Cold Heavy Oil Production (CHOPS). Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry's focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. There is also a need for growing global energy demand. We have used various secondary sources - encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the artificial lift market. The primary sources - experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of artificial lifts. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Market Overview 4 Artificial Lift Market, By Lift Types 5 Artificial Lift Market, By Geography 6 Competitive Landscape 7 Company Profiles Companies Mentioned: - Baker Hughes. - Borets Company - Can K Group Of Companies - Flotek Industries - General Electric Energy - Halliburton Company - J.J. Technical Services - Jsc Alnas - Kudu Industries - Lufkin Industries - National Oilwell Varco - Norris Production Solutions - Novomet - Pcm - Schlumberger Limited - Tenaris - Torqueflow Sydex - Weatherford International For more information visit http://www.researchandmarkets.com/research/kr...icial_lift
2013 Report on the Worldwide Artificial Lift Market - with Forecasts to 2018
M2 - Mon Nov 04, 5:52AM CST
Research and Markets (http://www.researchandmarkets.com/research/jtq7qc/artificial_lift) has announced the addition of the "2013 Report on the Worldwide Artificial Lift Market - with Forecasts to 2018" report to their offering. Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry's focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market and also is a prospective market considering its high production from mature fields which require artificial lifts to have successful production rates. South Eastern countries which have been engaged in offshore production for decades demand these lifts to enhance production rates. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Market Overview 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Dynamics 4 Artificial Lift Market, By Lift Types 5 Artificial Lift Market, By Geography 6 Competitive Landscape 7 Company Profiles Companies Mentioned - Baker Hughes Inc. - Borets Company Llc - Can K Group Of Companies - Flotek Industries Inc. - General Electric Energy - Halliburton Company - J.J. Technical Services Llc - Jsc Alnas - Kudu Industries Inc. - Lufkin Industries Inc. - National Oilwell Varco Inc. - Norris Production Solutions - Novomet - Pcm S.A. - Schlumberger Limited - Tenaris S.A. - Torqueflow Sydex Ltd - Weatherford International Ltd For more information visit http://www.researchandmarkets.com/research/jt...icial_lift
Weatherford International Ltd elects Alejandro (Alex) Cestero as co-general counsel
M2 - Fri Jul 12, 4:27AM CDT
Oilfield company Weatherford International Ltd (NYSE:WFT)(Euronext Paris:WFT)(SIX:WFT) reported on Thursday the appointment of Alejandro (Alex) Cestero as its vice president and co-general counsel.
Weatherford Announces Appointment of New Co-General Counsel
PR Newswire - Thu Jul 11, 3:21PM CDT
Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today announces that Alejandro (Alex) Cestero has joined Weatherford as Vice President and Co-General Counsel. Mr. Cestero previously served as Vice President, General Counsel, Secretary and Chief Compliance Officer of Lufkin Industries, Inc. Prior to joining Lufkin, Mr. Cestero was the Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of Seahawk Drilling, Inc., and, prior to that, Mr. Cestero was employed by Pride International, Inc. where he served in various positions within the General Counsel's office. Mr. Cestero holds a J.D. from Stanford University Law School and a B.A. and an M.B.A. from Rice University.
GE Oil & Gas Celebrates Expansion of Lufkin-RMT Operation in Wellsville, NY
Business Wire - Tue Jul 09, 1:00PM CDT
--Opening Comes on Heels of GE Completing Acquisition of Lufkin Industries
Something Worth Watching at Lufkin Industries
Seth Jayson, The Motley Fool - Motley Fool - Tue Jul 09, 12:09AM CDT
There's no foolproof way to know the future for Lufkin Industries ( NASDAQ: LUFK ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. A...
GE Completes Acquisition of Lufkin Industries
Business Wire - Mon Jul 01, 12:00PM CDT
--Offers Solutions for a Wider Variety of Well Types
Lufkin Shareholders Approve GE Merger
Rich Duprey, The Motley Fool - Motley Fool - Fri Jun 28, 1:49PM CDT
Oilfield pump manufacturer Lufkin announced yesterday that its shareholders attending the company's special meeting approved its acquisition by General Electric , though vote tallies were not provided. As a result of the vote,...
Lufkin Industries Inc wins shareholders approval to merge with GE
M2 - Fri Jun 28, 4:21AM CDT
Oilfield pumping unit supplier Lufkin Industries Inc (NasdaqGS:LUFK) revealed on Thursday that its shareholders have approved the Agreement and Plan of Merger (the Merger Agreement), by and among Lufkin, General Electric Company (GE) and Red Acquisition Inc, a wholly owned subsidiary of GE.
Lufkin Shareholders Approve Merger Agreement with GE
PR Newswire - Thu Jun 27, 4:02PM CDT
Lufkin Industries, Inc. ("Lufkin") (Nasdaq: LUFK), today announced that, at a special meeting held today, Lufkin shareholders approved the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 5, 2013, by and among Lufkin, General Electric Company ("GE") and Red Acquisition, Inc., a wholly owned subsidiary of GE.
Evercore Partners Set to Join the S&P SmallCap 600
PR Newswire - Wed Jun 26, 4:57PM CDT
Evercore Partners Inc. (NYSE: EVR) will replace Lufkin Industries Inc. (NASD: LUFK) in the S&P SmallCap 600 after the close of trading on Monday, July 1. A subsidiary of S&P 100 & 500 constituent General Electric Co. (NYSE: GE) is acquiring Lufkin Industries in a deal expected to be completed soon pending final approvals.
Downgrade Alert for Lufkin Industries (LUFK)
Comtex SmarTrend(R) - Wed Jun 26, 7:04AM CDT
Lufkin Industries (NASDAQ:LUFK) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $88.48 on volume of 329,000 shares, below average daily volume of 545,000. Lufkin Industries, Inc. designs, manufactures, sells, and services oil field pumping units, power transmission products, foundry castings, and highway trailers. The Company sells its products around the world.
Global Artificial Lift Market - 2013 Report
M2 - Fri Jun 21, 4:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/fhch6n/artificial_lift) has announced the addition of the "Artificial Lift Market: By Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018" report to their offering. Artificial lift is used to provide adequate pressure in a low reservoir pressure well to thrust the crude to the surface. This artificial lifting is executed using two methods - first method involves usage of a gas lift to create the upward movement of produced fluids; the other lifting method uses the support of downhole pumps which function with electricity. The lifts can be widely classified by their movement as positive displacement pumps and dynamic displacement pumps. Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market a
Dril-Quip Upgraded to Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jun 20, 12:00PM CDT
On Jun 18, Zacks Investment Research upgraded offshore drilling equipment maker, Dril-Quip Inc. to a Zacks Rank #2 (Buy).
Lufkin Industries Celebrates Official Opening Of Romania Facility
PR Newswire Europe - Tue Jun 18, 11:00PM CDT
Lufkin Industries, Inc. announced today the official opening of its new manufacturing facility near Ploiesti, Romania, north of the capital, Bucharest.
National Oilwell Slips to Strong Sell - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jun 18, 1:40PM CDT
On Jun 18, Zacks Investment Research downgraded National Oilwell Varco to a Zacks Rank #5 (Strong Sell).
Oil and Gas Field Machinery and Equipment Manufacturing Industry 2013 Q2 Edition Featuring Players such as Exxon Mobil Corporation and FMC Technologies
M2 - Thu May 30, 11:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/jxjm8r/oil_and_gas_field) has announced the addition of Supplier Relations US, LLC's updated report "Oil and Gas Field Machinery and Equipment Manufacturing Industry in the U.S. and its International Trade [2013 Q2 Edition]" to their offering. At 168 pages with over 150 charts and tables, the report covers topics such as current macroeconomic trends, granular product data, global trade, channel mix, government demand, and labor structure. It uses over a decade of historical data to forecast industry trends through 2017 on the domestic market, global market and overseas growth opportunities. This current report contains shipment data, inventory levels, international trade volume, and industry specific price indices available through March 2013. Industry analysts and Fortune 500 customers rely on this quarterly report to make accurate forecasts and planning in today's uncertain economy. The industry's revenue for the year 2012 was reported at
Earnings Look Back: Lufkin Industries Is Down 0.1% Since Reporting Quarterly Results 1 Week Ago (LUFK)
Comtex SmarTrend(R) - Mon May 20, 11:06AM CDT
When Lufkin Industries (NASDAQ:LUFK) reported earnings 10 days ago on May 10th, 2013, analysts, on average, expected the company to report earnings of $0.47 on sales of $300.7 million. Lufkin Industries actually reported earnings of $0.56 per share on sales of $318.0 million, beating EPS estimates by $0.09 and beating revenue estimates by $17.3 million. Since the company's report, shares of Lufkin Industries have fallen from $88.37 to $88.28, representing a loss of 0.1% in the past 10 days.
Innolux Corporation Announces Unaudited 2013 Net Sales NT$422.7 Billion and Net Income NT$5.1 Billion
PR Newswire - Fri Feb 14, 4:25AM CST
Innolux Corporation ("INX", "The Company") (TAIEX: 3481) today announced its 2013 full year results. For the full year 2013, INX reported consolidated revenues of NT$ 422.7 billion, a 12.1% decrease over NT$ 480.9 billion in 2012. Without influence from system integration and lamination business termination, our 2013 revenues represented a decrease of 2.7% over 2012. Gross profit was NT$ 37.7 billion, for a gross margin of 8.9%. Operating profit totaled NT$ 15.4 billion with an operating margin of 3.6%. Net profit attributable to the shareholders of the parent company amounted to NT$ 5.1 billion. EPS equaled NT$ 0.57. The Company shipped 26.62 million square meters of panel in 2013, a 0.3% increase over 26.54 million square meters in 2012. For the full year 2013, the company shipped 426.9 million for small-and-medium-sized units, a 4.8% increase over the 407.2 million units shipped in 2012.
International Artificial Lift Market Report 2014-2018
M2 - Tue Jan 28, 6:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/krg6rh/artificial_lift) has announced the addition of the "International Artificial Lift Market Report 2014-2018" report to their offering. Artificial lifts are suitable for conventional crude production, unconventional crude production, deep and ultra-deep offshore production, rehabilitation of fields, redevelopment of mature fields, low API crude, early production systems, enhanced oil recovery methods, other recovery methods such as Steam Assisted Gravity Drainage (SAGD), Circulated Steam Simulation (CSS) and Cold Heavy Oil Production (CHOPS). Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry's focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. There is also a need for growing global energy demand. We have used various secondary sources - encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the artificial lift market. The primary sources - experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of artificial lifts. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Market Overview 4 Artificial Lift Market, By Lift Types 5 Artificial Lift Market, By Geography 6 Competitive Landscape 7 Company Profiles Companies Mentioned: - Baker Hughes. - Borets Company - Can K Group Of Companies - Flotek Industries - General Electric Energy - Halliburton Company - J.J. Technical Services - Jsc Alnas - Kudu Industries - Lufkin Industries - National Oilwell Varco - Norris Production Solutions - Novomet - Pcm - Schlumberger Limited - Tenaris - Torqueflow Sydex - Weatherford International For more information visit http://www.researchandmarkets.com/research/kr...icial_lift
2013 Report on the Worldwide Artificial Lift Market - with Forecasts to 2018
M2 - Mon Nov 04, 5:52AM CST
Research and Markets (http://www.researchandmarkets.com/research/jtq7qc/artificial_lift) has announced the addition of the "2013 Report on the Worldwide Artificial Lift Market - with Forecasts to 2018" report to their offering. Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry's focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market and also is a prospective market considering its high production from mature fields which require artificial lifts to have successful production rates. South Eastern countries which have been engaged in offshore production for decades demand these lifts to enhance production rates. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Market Overview 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Dynamics 4 Artificial Lift Market, By Lift Types 5 Artificial Lift Market, By Geography 6 Competitive Landscape 7 Company Profiles Companies Mentioned - Baker Hughes Inc. - Borets Company Llc - Can K Group Of Companies - Flotek Industries Inc. - General Electric Energy - Halliburton Company - J.J. Technical Services Llc - Jsc Alnas - Kudu Industries Inc. - Lufkin Industries Inc. - National Oilwell Varco Inc. - Norris Production Solutions - Novomet - Pcm S.A. - Schlumberger Limited - Tenaris S.A. - Torqueflow Sydex Ltd - Weatherford International Ltd For more information visit http://www.researchandmarkets.com/research/jt...icial_lift
Weatherford International Ltd elects Alejandro (Alex) Cestero as co-general counsel
M2 - Fri Jul 12, 4:27AM CDT
Oilfield company Weatherford International Ltd (NYSE:WFT)(Euronext Paris:WFT)(SIX:WFT) reported on Thursday the appointment of Alejandro (Alex) Cestero as its vice president and co-general counsel.
Weatherford Announces Appointment of New Co-General Counsel
PR Newswire - Thu Jul 11, 3:21PM CDT
Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today announces that Alejandro (Alex) Cestero has joined Weatherford as Vice President and Co-General Counsel. Mr. Cestero previously served as Vice President, General Counsel, Secretary and Chief Compliance Officer of Lufkin Industries, Inc. Prior to joining Lufkin, Mr. Cestero was the Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of Seahawk Drilling, Inc., and, prior to that, Mr. Cestero was employed by Pride International, Inc. where he served in various positions within the General Counsel's office. Mr. Cestero holds a J.D. from Stanford University Law School and a B.A. and an M.B.A. from Rice University.
GE Oil & Gas Celebrates Expansion of Lufkin-RMT Operation in Wellsville, NY
Business Wire - Tue Jul 09, 1:00PM CDT
--Opening Comes on Heels of GE Completing Acquisition of Lufkin Industries
Something Worth Watching at Lufkin Industries
Seth Jayson, The Motley Fool - Motley Fool - Tue Jul 09, 12:09AM CDT
There's no foolproof way to know the future for Lufkin Industries ( NASDAQ: LUFK ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. A...
GE Completes Acquisition of Lufkin Industries
Business Wire - Mon Jul 01, 12:00PM CDT
--Offers Solutions for a Wider Variety of Well Types
Lufkin Shareholders Approve GE Merger
Rich Duprey, The Motley Fool - Motley Fool - Fri Jun 28, 1:49PM CDT
Oilfield pump manufacturer Lufkin announced yesterday that its shareholders attending the company's special meeting approved its acquisition by General Electric , though vote tallies were not provided. As a result of the vote,...
Lufkin Industries Inc wins shareholders approval to merge with GE
M2 - Fri Jun 28, 4:21AM CDT
Oilfield pumping unit supplier Lufkin Industries Inc (NasdaqGS:LUFK) revealed on Thursday that its shareholders have approved the Agreement and Plan of Merger (the Merger Agreement), by and among Lufkin, General Electric Company (GE) and Red Acquisition Inc, a wholly owned subsidiary of GE.
Lufkin Shareholders Approve Merger Agreement with GE
PR Newswire - Thu Jun 27, 4:02PM CDT
Lufkin Industries, Inc. ("Lufkin") (Nasdaq: LUFK), today announced that, at a special meeting held today, Lufkin shareholders approved the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 5, 2013, by and among Lufkin, General Electric Company ("GE") and Red Acquisition, Inc., a wholly owned subsidiary of GE.
Evercore Partners Set to Join the S&P SmallCap 600
PR Newswire - Wed Jun 26, 4:57PM CDT
Evercore Partners Inc. (NYSE: EVR) will replace Lufkin Industries Inc. (NASD: LUFK) in the S&P SmallCap 600 after the close of trading on Monday, July 1. A subsidiary of S&P 100 & 500 constituent General Electric Co. (NYSE: GE) is acquiring Lufkin Industries in a deal expected to be completed soon pending final approvals.
Downgrade Alert for Lufkin Industries (LUFK)
Comtex SmarTrend(R) - Wed Jun 26, 7:04AM CDT
Lufkin Industries (NASDAQ:LUFK) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $88.48 on volume of 329,000 shares, below average daily volume of 545,000. Lufkin Industries, Inc. designs, manufactures, sells, and services oil field pumping units, power transmission products, foundry castings, and highway trailers. The Company sells its products around the world.
Global Artificial Lift Market - 2013 Report
M2 - Fri Jun 21, 4:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/fhch6n/artificial_lift) has announced the addition of the "Artificial Lift Market: By Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018" report to their offering. Artificial lift is used to provide adequate pressure in a low reservoir pressure well to thrust the crude to the surface. This artificial lifting is executed using two methods - first method involves usage of a gas lift to create the upward movement of produced fluids; the other lifting method uses the support of downhole pumps which function with electricity. The lifts can be widely classified by their movement as positive displacement pumps and dynamic displacement pumps. Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market a
Dril-Quip Upgraded to Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jun 20, 12:00PM CDT
On Jun 18, Zacks Investment Research upgraded offshore drilling equipment maker, Dril-Quip Inc. to a Zacks Rank #2 (Buy).
Lufkin Industries Celebrates Official Opening Of Romania Facility
PR Newswire Europe - Tue Jun 18, 11:00PM CDT
Lufkin Industries, Inc. announced today the official opening of its new manufacturing facility near Ploiesti, Romania, north of the capital, Bucharest.
National Oilwell Slips to Strong Sell - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jun 18, 1:40PM CDT
On Jun 18, Zacks Investment Research downgraded National Oilwell Varco to a Zacks Rank #5 (Strong Sell).
Oil and Gas Field Machinery and Equipment Manufacturing Industry 2013 Q2 Edition Featuring Players such as Exxon Mobil Corporation and FMC Technologies
M2 - Thu May 30, 11:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/jxjm8r/oil_and_gas_field) has announced the addition of Supplier Relations US, LLC's updated report "Oil and Gas Field Machinery and Equipment Manufacturing Industry in the U.S. and its International Trade [2013 Q2 Edition]" to their offering. At 168 pages with over 150 charts and tables, the report covers topics such as current macroeconomic trends, granular product data, global trade, channel mix, government demand, and labor structure. It uses over a decade of historical data to forecast industry trends through 2017 on the domestic market, global market and overseas growth opportunities. This current report contains shipment data, inventory levels, international trade volume, and industry specific price indices available through March 2013. Industry analysts and Fortune 500 customers rely on this quarterly report to make accurate forecasts and planning in today's uncertain economy. The industry's revenue for the year 2012 was reported at
Earnings Look Back: Lufkin Industries Is Down 0.1% Since Reporting Quarterly Results 1 Week Ago (LUFK)
Comtex SmarTrend(R) - Mon May 20, 11:06AM CDT
When Lufkin Industries (NASDAQ:LUFK) reported earnings 10 days ago on May 10th, 2013, analysts, on average, expected the company to report earnings of $0.47 on sales of $300.7 million. Lufkin Industries actually reported earnings of $0.56 per share on sales of $318.0 million, beating EPS estimates by $0.09 and beating revenue estimates by $17.3 million. Since the company's report, shares of Lufkin Industries have fallen from $88.37 to $88.28, representing a loss of 0.1% in the past 10 days.
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