Drilling-services company Layne Christensen (LAYN -4.4%) Q3 beats on revenue but comes up short...

|About: Layne Christensen Company (LAYN)|By:, SA News Editor

Drilling-services company Layne Christensen (LAYN -4.4%) Q3 beats on revenue but comes up short on a per share basis as margins were pressed by higher material costs. Net income rose 6.8% Y/Y on continued growth at its mining segment, but it warns of weakness in its water infrastructure business, its largest top-line earnings contributor. The company added that due to its lagging civil construction business the unit is expected to underperform next year as well.