Thursday morning, BJ Services, Inc. (NYSE:BJS) announced that for the fourth quarter ended September 30, 2008 net income decreased 11 percent to $168.1 million, or 57 cents per share, from $189.4 million, or 64 cents per share, in the same quarter a year ago. The oilfield contractor had been expected to earn 55 cents per share for the quarter. Revenue increased 15 percent to $1.53 billion in the quarter, on analysts' expectations of $1.43 billion. Last year the company reported revenue of $1.28 billion. For the first fiscal quarter of 2009 the company expects to earn between 48 and 51 cents per share.

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