Precision Drilling (PDS) Tops Q2 EPS by 5c

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Precision Drilling Corporation Announces 2016 Second Quarter Financial Results

July 21, 2016 6:01 AM EDT

CALGARY, ALBERTA -- (Marketwired) -- 07/21/16 -- Precision Drilling Corporation - (TSX: PD)(NYSE: PDS)

(Canadian dollars except as indicated)

This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release.

For the second quarter of 2016, we recorded earnings before income taxes, finance charges, foreign exchange, and depreciation and amortization (adjusted... More