Parker Drilling (PKD) Tops Q2 EPS by 3c
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Parker Drilling Reports 2016 Second Quarter Results
August 2, 2016 4:25 PM EDTHOUSTON, Aug. 2, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the second quarter ended June 30, 2016, including a reported net loss of $39.8 million, or a $0.32 loss per share, on revenues of $105.3 million.Â
Second quarter adjusted EBITDA was $8.1 million, compared with $12.6 million for the preceding quarter.
"The current business environment continues to be very challenging despite signs that industry fundamentals are beginning to improve," said Gary Rich, the Company's Chairman, President and CEO. "As a result, our second quarter results were lower than the first quarter, as... More
