Pacific Drilling Announces First-Quarter 2020 Results

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Pacific Drilling (PACD) Tops Q1 EPS by 4c, Revenues Beat

May 7, 2020 6:03 PM EDT

Pacific Drilling (NYSE: PACD) reported Q1 EPS of ($0.81), $0.04 better than the analyst estimate of ($0.85). Revenue for the quarter came in at $89.4 million versus the consensus estimate of $81 million.

Pacific Drilling CEO Bernie Wolford commented, The first quarter of this year started strong with improving market fundamentals and solid demand growth for high-specification drillships, reflected in increased... More