Parker Drilling Reports 2018 Second Quarter Results

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Parker Drilling (PKD) Tops Q2 EPS by 58c, Revenues Beat

August 1, 2018 5:25 PM EDT

Parker Drilling (NYSE: PKD) reported Q2 EPS of ($2.56), $0.58 better than the analyst estimate of ($3.14). Revenue for the quarter came in at $118.6 million versus the consensus estimate of $115.25 million.

Gary Rich, the Company's Chairman, President and CEO, stated, "Our second quarter results improved noticeably from the prior quarter, driven primarily by increased activity in our Rental Tools... More