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Update: Atwood Oceanics Crushed Q4 Estimates

Atwood Oceanics (NYSE:ATW) reported a phenomenal Q4 quarter with earnings smashing analyst estimates that inexplicably declined over the last 90 days. The offshore driller benefited from growing ultra-deepwater revenue despite the market turmoil in the offshore drilling market. The stock though has been absolutely crushed having plunged more than 50% due to collapsing oil and natural gas…