Dril-Quip (DRQ -3.8%) shares sink after the drilling equipment maker issues a downbeat 2012...

|By:, SA News Editor

Dril-Quip (DRQ -3.8%) shares sink after the drilling equipment maker issues a downbeat 2012 earnings outlook that overshadows a strong Q4 performance as offshore drilling activity continues to improve. DRQ sees EPS rising to $2.60-$2.80 this year, well below the $3.20 consensus view.