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Atwood Oceanics beats 4Q profit forecasts

HOUSTON (AP) _ Atwood Oceanics Inc. (ATW) on Friday reported fiscal fourth-quarter earnings of $4.2 million.

The Houston-based company said it had profit of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.

The results beat Wall Street expectations. The average estimate of 10...