Precision Drilling: Q1 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Precision Drilling Corp. (PDS) on Thursday reported first-quarter net income of $27.1 million.
The Calgary, Alberta-based company said it had profit of $1.88 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The oilfield services company posted revenue of $391.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $399.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDS at https://www.zacks.com/ap/PDS