Precision Drilling Corporation Announces 2020 First Quarter Unaudited Financial Results
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Precision Drilling (PDS) Tops Q1 EPS by 3c
April 30, 2020 6:13 AM EDTPrecision Drilling (NYSE: PDS) reported Q1 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05).
Precision Drilling announces 2020 first quarter financial results:
Revenue of $379 million was a decrease of 13% compared with the first quarter of 2019.Net loss of $5 million or negative $0.02 per diluted share compared to net earnings of $25 million or $0.08 per diluted share in the comparable 2019 period.Earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and depreciation and amortization (Adjusted EBITDA, see NON-GAAP MEASURES) of $102... More