Precision Drilling Corp. (PD.TO) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at C$34.51 million, or C$2.20 per share. This compares with C$36.52 million, or C$2.53 per share, last year.
Analysts on average had expected the company to earn C$2.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.0% to C$496.33 million from C$527.79 million last year.
Precision Drilling Corp. earnings at a glance (GAAP) :
-Earnings: C$34.51 Mln. vs. C$36.52 Mln. last year.
-EPS: C$2.20 vs. C$2.53 last year.
-Revenue: C$496.33 Mln vs. C$527.79 Mln last year.
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