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Cameron (CAM -5.8%) shares sink despite a 36% jump in Q3 earnings and double-digit revenue gains...
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Wednesday, October 31, 2012, 10:57 AM ETCameron (CAM -5.8%) shares sink despite a 36% jump in Q3 earnings and double-digit revenue gains across all its segments. Although CAM says it is seeing higher demand from deepwater drillers and international markets, it issues downward Q4 EPS guidance of $0.95-$0.97 vs. $1.07 analyst consensus estimate.
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