HOUSTON, Feb. 4 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., Houston-based International Drilling Contractor, announced today that the Company earned net income of $78,363,000 or $1.22 per diluted share, on revenues of $165,504,000 for the quarter ended December 31, 2008 compared to net income of $38,549,000 or $0.60 per diluted share, on revenues of $111,048,000 for the quarter ended December 31, 2007.
FOR THE THREE MONTHS ENDED DECEMBER 31, 2008 2007 ---- ---- Revenues $165,504,000 $111,048,000 Income before Income Taxes 91,716,000 43,111,000 Provision for Income Taxes (13,353,000) (4,562,000) Net Income 78,363,000 38,549,000 Earnings per Common Share - Basic 1.22 0.61 Diluted 1.22 0.60 Weighted Average Shares Outstanding - Basic 64,081,000 63,370,000 Diluted 64,332,000 64,324,000
