Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Cal Dive International
So what: Revenue rose 66% to $95.4 million, yet the profit picture didn't improve. The oilfield services provider lost $0.20 a share in Q1. Analysts had been calling for a $0.09-per-share loss on $98.2 million in revenue.
Now what: The miss comes at an odd time. Oil remains well above $100 a barrel, which should give Cal Dive customers Apache
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