Precision Drilling Corporation Announces 2019 Third Quarter Unaudited Financial Results
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Precision Drilling (PDS) Tops Q3 EPS by 4c, Revenues Beat
October 24, 2019 6:17 AM EDTPrecision Drilling (NYSE: PDS) reported Q3 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $376 million versus the consensus estimate of $308.31 million.
Precision Drilling announces 2019 third quarter highlights:
Revenue of $376 million was a decrease of 2% compared with the third quarter of 2018.Net loss of $4 million or negative $0.01 per share compares to a net loss of $31 million or negative $0.10 per share in the third quarter of 2018.Earnings before income taxes, loss (gain) on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain... More