Atwood's F4Q10 Earnings Ahead of Expectations

Dahlman Rose has published its Offshore Drilling report today in which they noted higher than expected F4Q10 EPS for Atwood Oceanics (NYSE: ATW).

ATW's F4Q10 EPS of $0.99 were higher than the Street's estimate of $0.92, and Dahlman Rose's estimate of $0.86. Reasons for the beat include, a lower tax rate, higher revenues, and lower operating expenses.

ATW is trading at $35.19.