Houston, July 22 - Neftegaz.RU. Net income attributable to company was $75 million, or $0.09 per share, compared to $511 million, or $0.58 per share, in the year-ago period.
The results were impacted by higher impairment charges and interest expense. Adjusted net income totaled $303 million, or $0.35 per share, beating forecasts of $0.30 per share.
The company reported quarterly sales of $5.93 billion, which missed the analyst consensus estimate of $5.97 billion by 0.67%. This is a 3.53% decrease over sales of $6.147 billion the same period last year.
"International revenue increased 6% sequentially, confirming our expectation of high single-digit international growth for all of 2019. Momentum is building internationally and activity improvement should continue into 2020," said Jeff Miller, CEO.
"Both of our divisions made meaningful contributions to growing North America revenue and margins in the 2nd quarter. We are successfully executing our strategy of controlling what we can control and managing our business to perform well in any market conditions."