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What: Shares of oil and gas supplier Exterran Holdings
So what: Revenue rose 12.6%, much higher than expected, to reach $704.5 million in the third quarter. Loss per share of $0.42 was a penny better than expected, including a $196 million goodwill impairment charge.
Now what: The market may be jumping for joy today, but I'm not seeing a lot to be excited about. Revenue was much higher than expected, but the company lost money, indicating that margins aren't expanding. Analysts are also expecting a big loss for 2012, so the financials aren't exactly improving by leaps and bounds. I'm going to stay away from this pop today and stick to profitable companies in the oil and gas industry.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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