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flag Oil States International reported a surprise profit, but its stock price still dropped.

flag Oil States International (OIS) reported higher-than-expected quarterly earnings of $0.09 per share, despite a negative net margin of 2.78%. flag Shares fell $0.45 to $4.92 on Friday, with a market cap of $310.37 million. flag StockNews.com upgraded the stock rating from "sell" to "hold." flag The company saw an improvement from a net loss last year to a net income of $15.2 million this quarter. flag Trading volume was above average at 636,559 shares.

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