Precision Drilling reports first-quarter profit, revenue up from year ago GlobeBusiness
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CP Rail first-quarter profits jump 25 per cent despite winter weather woesCanadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall.“…
Read more »
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
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.
Read more »
Mexico sees homicides jump 9.7% in first quarter of this yearAndres Manuel Lopez Obrador became president in December promising to reduce violence, but murders have grown during his four months in office
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
Read more »
Lululemon targets annual revenue growth in low teens for next five yearsThe Canadian yoga-pants specialist expects operating income growth to exceed revenue growth annually
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
Read more »
Bumblebee movie boost transforms Hasbro first quarterHasbro has been focusing on deals with production houses to boost sales of its action toys
Read more »
Boeing says worldwide groundings of 737 Max jets costs US$1-billion in first quarterThe world’s largest maker of planes suspended its 2019 financial outlook and share buybacks on Wednesday as it works toward regulator certification of a software update designed to prevent more crashes
Read more »
China's Huawei says first quarter sales up 39 per centChinese tech giant Huawei said Monday its revenue rose 39% over a year earlier in the latest quarter despite U.S. pressure on allies to shun its telecom technology as a security risk.
Read more »
Report: Suns fire head coach Igor Kokoskov after one season - Sportsnet.caThe Phoenix Suns have reportedly parted ways with head coach Igor Kokoskov, according to ESPN's Adrian Wojnarowski.
Read more »