Parker Drilling (PKD) Tops Q3 EPS by 5c
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Parker Drilling Reports 2016 Third Quarter Results
October 27, 2016 4:30 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the third quarter ended September 30, 2016, including a reported net loss of $46.2 million, or a $0.37 loss per share, on revenues of $97.2 million.Â
Third quarter adjusted EBITDA was $5.1 million.
"We are pleased with our third quarter results given the challenging market conditions," said Gary Rich, the Company's Chairman, President and CEO. "While results were down quarter-on-quarter, they were in line with our expectations. We also saw improvements in some areas of our business.
"Results from our Rentals... More
