Precision Drilling Swings To Q4 Profit

Symbols: PDS
Tags: Earnings
Posted in: Earnings, News
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Precision Drilling Corp (NYSE: PDS) posted a fourth-quarter profit.

Precision Drilling posted a quarterly net income at C$28 million ($28.13 million), or 10 Canadian cents a share, versus a year-ago loss of C$250,000.

Its revenue surged 35% to C$587 million.

Precision Drilling shares closed at $11.35 yesterday.


 
 
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