Guggenheim Upgrades Tesco (TESO) to Buy

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Tesco Corporation Reports Second Quarter 2015 Results

August 6, 2015 6:00 AM EDT

- Global restructuring efforts generating cumulative annualized savings of $30 million

- 6 Top Drive bookings suggest market resilience

- Company readies deployment of new technologies as investments in R&E totaled $2.1 million

- Second quarter reported diluted EPS loss of $0.71

- Second quarter adjusted diluted EPS loss of $0.21, after $0.50 in charges, and positive adjusted EBITDA of $1.8 million

HOUSTON, Aug. 6, 2015 /PRNewswire/ -- Tesco Corporation ("TESCO" or the "Company") (NASDAQ: TESO) today reported second quarter 2015 results.

Second Quarter Operating Results

Fernando Assing, TESCO's Chief Executive Officer,... More