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Precision Drilling Q2 Loss Widens - Quick Facts

Precision Drilling Corp. (PDS,PD.TO) reported Thursday that its second-quarter net loss widened to C$48.87 million or C$0.18 per share from C$13.80 million or C$0.05 per share in the prior-year quarter.

Revenue for the quarter declined 47.2 percent to C$189.76 million from C$359.42 million in the prior year comparative quarter.

On average, analysts polled by Thomson Reuters expected the company to report a loss of C$0.19 per share on revenues of C$186.77 million for the quarter. Analysts' estimates typically exclude special items.

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