Precision Drilling Corporation Announces 2020 Third Quarter Unaudited Financial Results
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Precision Drilling (PDS) Misses Q3 EPS by 5c, Revenues Miss
October 22, 2020 6:16 AM EDTPrecision Drilling (NYSE: PDS) reported Q3 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $165 million versus the consensus estimate of $308.31 million.
Precision Drilling announces 2020 third quarter financial results:
Revenue of $165 million was a decrease of 56% compared with the third quarter of 2019.Net loss of $28 million or negative $0.10 per diluted share compared with a net loss of $4 million or negative $0.01 per diluted share in 2019.Earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and... More