Dril-Quip Inc. (NYSE:DRQ) has reported adjusted fourth-quarter 2011 earnings of 79 cents per share, beating comfortably the Zacks Consensus Estimate of 62 cents and increasing almost 15% from the year-ago profit level of 69 cents.

The company registered total revenue of $171.6 million in the quarter, up 21.2% from the year-ago level of $141.6 million. The increase in revenue was mainly backed by the rise in sales of subsea equipment and growth in service revenues. The reported figure also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards