Precision Drilling Corporation Announces 2019 Fourth Quarter and Year End Unaudited Financial Results
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Precision Drilling (PDS) Tops Q4 EPS by 5c, Revenues Beat
February 13, 2020 6:12 AM ESTPrecision Drilling (NYSE: PDS) reported Q4 EPS of $0.00, $0.05 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $372 million versus the consensus estimate of $308.31 million.
Precision Drilling announces 2019 fourth quarter and year end highlights:
Revenue of $372 million was a decrease of 13% compared with the fourth quarter of 2018.Net loss of $1 million or $0.00 per diluted share compared to a net loss of $198 million or $0.68 per diluted share in the fourth quarter of 2018. Our 2019 earnings per diluted share were $0.02, compared with a net loss of $1.00 per diluted share in 2018. In... More