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Parker Drilling Co Issues Q2 2013 Guidance Above Analysts' Estimates


Monday, 22 Jul 2013 06:33am EDT 

Parker Drilling Co announced that for the second quarter of 2013, it expects revenues in the range of $215-$23 million, operating income (EBIT) in the range of $27-$33 million and net income in the range of $7-$11 million. The estimates include contributions from the April 22, 2013 acquisition of International Tubular Services Limited. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $204 million, EBIT of $22 million and net income of $6 million for the second quarter of 2013. 

Company Quote

3.13
0.25 +8.68%
3:46pm EST