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Dril-Quip issues 2Q earnings prediction below Wall St. view

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May 9, 2008

HOUSTON—Dril-Quip Inc., which makes offshore drilling and production equipment, on Friday issued a second-quarter earnings prediction below Wall Street expectations.

The company expects to earn 60 cents per share to 70 cents per share for the quarter ending June 30, excluding special charges.

Analysts polled by Thomson Financial, on average, expect a profit of 72 cents per share for the second quarter. Analysts generally exclude one-time gains and losses from their estimates.

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