Tesco (TESO) Tops Q2 EPS by 3c

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Go back to Tesco (TESO) Tops Q2 EPS by 3c

Tesco Corporation Reports Second Quarter 2016 Results

August 9, 2016 6:00 AM EDT

- Cash increased by $44 million during the quarter from $47 million of proceeds from an issuance of shares, ending at $97 million with no debt

- Reported U.S. GAAP diluted EPS was a loss of $(0.47) on a net loss of $(18.9) million and adjusted EPS was a loss of $(0.39) on an adjusted net loss of $(15.8) million, after $0.08 in charges

- Adjusted EBITDA was $(7.5) million for the second quarter, up from $(7.7) million for the first quarter, despite a sequential decline in revenue of 5%.

HOUSTON, Aug. 9, 2016 /PRNewswire/ -- Tesco Corporation ("TESCO" or the "Company") (NASDAQ:... More