Precision Drilling Corporation Announces 2020 Second Quarter Unaudited Financial Results

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Go back to Precision Drilling Corporation Announces 2020 Second Quarter Unaudited Financial Results

Precision Drilling (PDS) Misses Q2 EPS by 13c, Revenues Miss

July 23, 2020 6:10 AM EDT

Precision Drilling (NYSE: PDS) reported Q2 EPS of ($0.18), $0.13 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $190 million versus the consensus estimate of $308.31 million.

Precision Drilling announces 2020 second quarter financial results:

Revenue of $190 million was a decrease of 47% compared with the second quarter of 2019.Net loss of $49 million or negative $0.18 per diluted share compared with a net loss of $14 million or negative $0.05 per diluted share in 2019.Earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and... More