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Precision Drilling Q2 Loss Widens

Precision Drilling Corp. (PD.TO) reported second quarter net loss of $47 million or $0.16 per share compared to a net loss of $36 million or $0.12 per share in the second quarter of 2017.

Second quarter revenue was C$331 million, represented an increase of 14% over the prior year comparative quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of C$ 0.14 per share and revenues of C$ 319.97 million. Analysts' estimates typically exclude special items.

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