Precision Drilling Corp. (PD.TO) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at C$14.80 million, or C$1.06 per share. This compares with C$146.72 million, or C$9.81 per share, last year.
Analysts on average had expected the company to earn C$1.54 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.6% to C$468.171 million from C$506.871 million last year.
Precision Drilling Corp. earnings at a glance (GAAP) :
-Earnings: C$14.80 Mln. vs. C$146.72 Mln. last year.
-EPS: C$1.06 vs. C$9.81 last year.
-Revenue: C$468.171 Mln vs. C$506.871 Mln last year.
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