That compared with a loss of $18.1-million or six cents per diluted share in the same quarter a year ago.Revenue for the three-month period grew to $434-million, compared with $401-million.
Excluding sale of drilling assets in Mexico and restructuring charges, Precision Drilling says it earned $1-million or zero cents per diluted share in the quarter. Analysts on average had expected a loss of five cents per share and revenue of $408.6-million for the quarter, according to Thomson Reuters Eikon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bombardier slashes full-year revenue forecast by $1-billion, warns on lower profitPlane and train maker cites slower production ramp-up of some of its large projects in its transportation business globebusiness Uh-oh, you know what this means. globebusiness Well timed. Maybe we’ll see a taxpayer funded top-up just before the election. globebusiness Oh oh the mighty liberal Quebec flop didn’t make as much money as expected ( it never does) Must be worth at least a billion dollars in federal grants from Truedope
Source: globeandmail - 🏆 5. / 92 Read more »
Twitter says first quarter profit triples on ad demand, daily users upTwitter Inc. on Tuesday said earnings in the first three months of the year more than tripled on strong ad demand while user numbers posted healthy growth. I wouldn't hesitate to guess that a large part of the increase in users is primarily in North America where both the US and Canada have elections on the horizon I also would hesitate to guess that most are trolls or 'fake accounts' set up primarily because of those elections twitter is starting to annoy the hell out of me with ads being added everywhere. Promoted tweets that take up the whole screen. Pre-roll video ads that are longer than the very short video in user's tweets. It's getting ridiculous now and is very off-putting. 😠🖓 Maybe because Facebook and Instagram were down more often that people were using more Twitter to check if the other two were down?
Source: CTVNews - 🏆 1. / 99 Read more »
Tesla reports $700-million loss and forecasts another tough quarter aheadThe company said it would lose money in the second as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan globebusiness So Musk says Tesla is doing great, yet it lost $700M. I’d hate to see what doing badly is. globebusiness So not much taste for explosive cars? globebusiness So the roadster launched in space was not a good idea I see.. 🤔
Source: globeandmail - 🏆 5. / 92 Read more »
Corporate deal-making dips in first quarter on trade, economic fearsLarge, international deals that drove the acquisitions market for years nearly disappeared, pushing deal values down by 15% from a year ago
Source: globeandmail - 🏆 5. / 92 Read more »