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BJ SERVICES ANNOUNCES FOURTH QUARTER EARNINGS REVISION

 HOUSTON, Aug. 26 /PRNewswire/ -- BJ Services Co. (NYSE: BJS) has become aware that industry analysts have lowered earnings expectations for its fourth fiscal quarter due to weaker than expected drilling industry market conditions.
 Chief Executive Officer J.W. Stewart commented, "Revenue projections have been lowered by 5-6 percent primarily due to international project delays and weaker than expected U.S. activity and pricing. We remain optimistic that U.S. and international market conditions will improve as we move into the fall and winter drilling season.
 "We expect to realize earnings per share in the $.30 to $.35 range. However, this will include adjustments to our fiscal year tax provision and certain nonrecurring items. Exclusive of these benefits, earnings are expected to be in the $.24 to $.28 EPS range."
 BJ Services Co. is a leading provider of pressure pumping and related services to the petroleum industry.
 -0- 8/26/93
 /CONTACT: Mike McShane of BJ Services, 713-462-4239/
 (BJS)


CO: BJ Services Co. ST: Texas IN: OIL SU: ERP

MF-JB -- LA018 -- 6111 08/26/93 11:59 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
Words:177
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