Robbins & Myers profit surges (Investor's Business Daily)

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Investor's Business Daily - The oil and gas equipment supplier said Q1 EPS rose 144% to 44 cents, above analyst views for 33 cents. Sales rose 27% to $163.9 mil, also above estimates, based on higher sales of unconventional drilling gear, the company said. Robbins & Myers forecast Q2 EPS of 40-50 cents, above views for 35 cents. The company also raised its quarterly dividend to 4.5 cents from 4.25 cents, payable Feb. 18 to shareholders of record as of Jan. 21.

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