Precision Drilling Corporation Announces 2021 First Quarter Unaudited Financial Results
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Precision Drilling (PDS) Misses Q1 EPS by -2.65, Revenues Miss
April 22, 2021 6:16 AM EDTPrecision Drilling (NYSE: PDS) reported Q1 EPS of ($2.70), $2.65 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $236 million versus the consensus estimate of $308.31 million.
Precision Drilling announces 2021 first quarter financial results:
Revenue of $236 million was a decrease of 38% compared with the first quarter of 2020.Net loss of $36 million or $2.70 per share compared to net loss of $5 million or $0.38 per share in 2020.Earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization (Adjusted... More