Parker Drilling (PKD) Tops Q3 EPS by 20c, Revenues Beat
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Parker Drilling Reports 2018 Third Quarter Results
November 5, 2018 5:00 PM ESTHOUSTON, Nov. 5, 2018 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the third quarter ended September 30, 2018, which included a net loss of $71.9 million, or a $7.70 loss per common share on revenues of $123.4 million. Included in the reported net loss is an impairment loss of $44.0 million. Excluding the impairment loss, the adjusted net loss was $2.99 per common share.
Third quarter Adjusted EBITDA was $15.0 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.... More
