Form 8-K TESCO CORP For: May 05
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Tesco (TESO) Misses Q1 EPS by 11c
May 10, 2016 7:57 AM EDTTesco (NASDAQ: TESO) reported Q1 EPS of ($0.46), $0.11 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $35.5 million versus the consensus estimate of $42.86 million.
Outlook
The global markets will continue to be challenging in the second quarter as the first quarter rig count declines will be compounded with the additional rig count declines expected in that quarter.
Products revenue is expected to increase sequentially between 15% and 20% as we ship 3-5 top drives in... More
