Key Energy Services (KEG) Misses Q1 EPS by 14c
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Key Energy Services Reports First Quarter 2016 Earnings
May 9, 2016 8:48 PM EDTHOUSTON, May 9, 2016 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) reported first quarter 2016 consolidated revenues of $111.1 million and a pre-tax GAAP loss of $81.9 million, or $0.51 per share. The results for the first quarter include:
pre-tax costs of $6.8 million, or $0.04 per share, due to severance; a pre-tax charge of $5.0 million, or $0.03 per share, due to an accrual associated with the offer of settlement of the previously disclosed Foreign Corrupt Practices Act ("FCPA") investigations; pre-tax costs of $2.4 million, or $0.02 per share, related to the FCPA... More