2/9/2010-Shares of Cameron International (NYSE:CAM) are trading nearly 1% higher to $37.25 premarket Tuesday after the company reported Q4 EPS of $0.54, ex-items, edging out consensus estimates of $0.53.

Revenues for the quarter fell 3.9% to $1.46 billion, topping consensus estimates of $1.29 billion.

The company expects 2010 EPS in the range of $2.10 to $2.20, versus consensus estimates of $2.18.

Cameron President and CEO Jack B. Moore commented, "Our 2009 performance was impressive, considering that we entered the year with a great deal of concern over the risk of cancellations and uncertainty with regard to customer spending. We begin 2010 with few concerns about the quality of our backlog and a sense that our customers' confidence in the security and viability of their spending plans is far greater than a year ago. We expect to maintain our leadership positions in our markets, continue to pursue acquisition opportunities and remain focused on execution and cost control."

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