Tesco (TESO) Misses Q3 EPS by 1c

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Tesco Corporation Reports Third Quarter 2016 Results

November 4, 2016 6:00 AM EDT

HOUSTON, Nov. 4, 2016 /PRNewswire/ -- Tesco Corporation ("TESCO" or the "Company") (NASDAQ: TESO) today reported third quarter 2016 financial and operating results.

Third Quarter Operating Results

Fernando Assing, Tesco's Chief Executive Officer, commented, "With global energy markets signaling the formation of an oilfield services activity bottom late in 2016, we are well positioned competitively and have a liquidity position that will allow us to take advantage of opportunities to start growing our business and deploying our new technologies."

Tesco reported revenue of $30.4 million for the third quarter ended September 30, 2016, down from... More