Parker Drilling Reports 2018 Third Quarter Results

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Parker Drilling (PKD) Tops Q3 EPS by 20c, Revenues Beat

November 5, 2018 5:06 PM EST

Parker Drilling (NYSE: PKD) reported Q3 EPS of ($2.99), $0.20 better than the analyst estimate of ($3.19). Revenue for the quarter came in at $121.46 million versus the consensus estimate of $116.43 million.

Gary Rich, the Company's Chairman, President and CEO, said, "We continue to see early signs of recovery in several end markets, with our U.S. and International Rental Tools Services segments... More