Form 8-K KEY ENERGY SERVICES INC For: Jul 30
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Key Energy Services (KEG) Misses Q2 EPS by 4c
July 30, 2015 6:22 AM EDTKey Energy Services (NYSE: KEG) reported Q2 EPS of ($0.27), $0.04 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $197.5 million versus the consensus estimate of $233.53 million.
Key's Chairman and Chief Executive Officer, Dick Alario, stated, "The second quarter presented heightened challenges in the U.S. market as reduced customer activity and competitive pressures drove utilization and pricing lower. Also, severe weather disruptions in some of our largest U.S. regions further compounded the decline in activity during the quarter. Our U.S.... More
