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Key Energy Services Inc Issues Q1 2013 Guidance Below Analysts' Estimates


Thursday, 14 Feb 2013 06:24pm EST 

Key Energy Services Inc announced that it expects for first quarter 2013 consolidated revenue to decline approximately 5% compared to the fourth quarter of 2012 and expects earnings of $0.02 to $0.04 per share (EPS) as a result of cost inefficiencies associated with underutilized assets and labor in U.S. Rig Services business. The Company reported revenue of $466.47 million in Fourth quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue $468 million and EPS of $0.08 for first quarter of 2013. 

Company Quote

1.88
-0.39 -17.18%
28 Nov 2014