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Archer Ltd Issues Q4 2012 Revenue Guidance Above Analysts' Estimates and Q4 2012 EBITDA Guidance Below Analysts' Estimates


Thursday, 31 Jan 2013 11:38am EST 

Archer Ltd announced that its preliminary revenue for the fourth quarter of 2012 is estimated at USD 537 million, compared to USD 551.9 million reported for the third quarter 2012. Earnings before Interest, Taxes, Depreciation and Amortization, or EBITDA, for the fourth quarter of 2012 is estimated at USD 30 million net of two non-recurring items totaling USD 14 million in Argentina and Alaska. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of USD 507.63 million and EBITDA of USD 49.63 million for the fourth quarter of 2012. 

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