Grant Prideco Reports EPS of $1.07 on a 33% Revenue Increase and a Lower Tax Rate

Grant Prideco, Inc. today announced results for its 2006 fourth quarter. Net income increased 79% to $140.1 million ($1.07 per diluted share) on a 33% increase in revenues to $518.1 million. These results compare to net income of $78.4 million ($0.59 per diluted share) on revenues of $388.7 million in last year’s fourth quarter. The [...]

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