Tesco (TESO) Misses Q3 EPS by 7c, Offers Outlook

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. ANET
7. CVS
8. SWKS
9. SPY
10. XYZ

Go back to Tesco (TESO) Misses Q3 EPS by 7c, Offers Outlook

TESCO Corporation Reports Third Quarter 2015 Results

November 4, 2015 6:30 AM EST

- As a result of difficult market conditions, third quarter revenues declined to $61 million

- Adjusted EBITDA for the third quarter was $(1.0) million and free cash flow was near break-even after restructuring

- Restructuring programs to date have yielded $40 million of annualized savings, with additional opportunities for further investment to simplify our structure and improve efficiency

- TESCO was awarded meaningful offshore tubular services contracts in the GOM and North Sea

- We remain committed to new technology, with $2.1 million of R&E investment in Q3

- Third quarter... More