Precision Drilling Corporation Announces 2020 Fourth Quarter and Year End Unaudited Financial Results
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Precision Drilling (PDS) Misses Q4 EPS by $2.69, Revenues Miss
February 10, 2021 6:08 AM ESTPrecision Drilling (NYSE: PDS) reported Q4 EPS of ($2.74), $2.69 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $202 million versus the consensus estimate of $308.31 million.
Precision Drilling announces 2020 fourth quarter and year end highlights:
Net loss of $38 million or $2.74 per diluted share compared to a net loss of $1 million or $0.08 per diluted share in 2019.Generated cash and funds provided by operations (see NON-GAAP MEASURES) of $5 million and $35 million, respectively, in the fourth quarter of 2020.Fourth quarter capital expenditures were $23 million.Completed a 20:1 consolidation of our common... More