HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., Houston-based International Drilling Contractor, announced today that the Company earned net income of $60,381,000 or $0.93 per diluted share, on revenues of $141,372,000 for the quarter ended June 30, 2008 compared to net income of $32,033,000 or $0.50 per diluted share, on revenues of $98,371,000 for the quarter ended June 30, 2007. For the nine months ended June 30, 2008, the Company earned net income of $140,685,000 or $2.18 per diluted share, on revenues of $365,950,000 compared to net income of $84,875,000 or $1.34 per diluted share, on revenues of $281,433,000 for the nine months ended June 30, 2007.
FOR THE THREE MONTHS ENDED JUNE 30,
2008 2007
Revenues $141,372,000 $98,371,000
Income before Income Taxes 68,066,000 36,569,000
Provision for Income Taxes (7,685,000) (4,536,000)
Net Income 60,381,000 32,033,000
Earnings per Common Share -
Basic 0.94 0.51
Diluted 0.93 0.50
Weighted Average Shares
Outstanding -
Basic 64,023,000 62,982,000
Diluted 64,776,000 63,928,000
FOR THE NINE MONTHS ENDED JUNE 30,
2008 2007
Revenues $365,950,000 $281,433,000
Income before Income Taxes 157,531,000 98,650,000
Provision for Income Taxes (16,846,000) (13,775,000)
Net Income 140,685,000 84,875,000
Earnings per Common Share -
Basic 2.21 1.36
Diluted 2.18 1.34
Weighted Average Shares
Outstanding -
Basic 63,665,000 62,466,000
Diluted 64,509,000 63,436,000
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