Tesco (TESO) Tops Q4 EPS by 7c

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Go back to Tesco (TESO) Tops Q4 EPS by 7c

TESCO Corporation Reports Fourth Quarter 2016 Results

February 28, 2017 6:00 AM EST

HOUSTON, Feb. 28, 2017 /PRNewswire/ -- TESCO Corporation ("TESCO" or the "Company") (NASDAQ: TESO) today reported fourth quarter 2016 financial and operating results.

Fourth Quarter Operating Results

Fernando Assing, TESCO's Chief Executive Officer, commented, "We are encouraged by our improved sequential financial performance as activity levels respond to higher commodity prices and rig count. However, we remain cautious as we recognize that 2017 will still present challenges in international and offshore markets as well as increasing cost escalation risks and limited pricing power in North America."

TESCO reported revenue of $35.3... More