Tesco (TESO) Misses Q2 EPS by 1c

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Go back to Tesco (TESO) Misses Q2 EPS by 1c

Tesco Corporation Reports Second Quarter 2017 Results

August 8, 2017 6:00 AM EDT

Liquidity of $72.5 million and no debt at the end of the second quarter, after funding approximately $5 million of working capital growth during the second quarterReported U.S. GAAP diluted EPS was a loss of $(0.26) on a net loss of $12.1 million and adjusted EPS was a loss of $(0.25) on an adjusted net loss of $11.6 million, after $0.5 million in chargesAdjusted EBITDA loss improved 17% to ($3.9) million in the second quarterRevenue increased by 9% to $40.1 million, driven by stronger Tubular Services in North America

HOUSTON, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Tesco Corporation ("TESCO" or the "Company") (NASDAQ:... More