Precision Drilling: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 06:33 AM ET
Last Updated - Jun 22, 2023, 10:28 PM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Precision Drilling Corp. (PDS) on Thursday reported fourth-quarter earnings of $2.6 million.
The Calgary, Alberta-based company said it had profit of 20 cents 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 $1.91 per share.
The oilfield services company posted revenue of $376 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $362.1 million.
