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Tesco Corp (TESO.O)

TESO.O on Nasdaq

5.25USD
21 Sep 2017
Change (% chg)

$-0.05 (-0.94%)
Prev Close
$5.30
Open
$5.25
Day's High
$5.32
Day's Low
$5.15
Volume
292,388
Avg. Vol
598,673
52-wk High
$9.65
52-wk Low
$3.70

Latest Key Developments (Source: Significant Developments)

Tesco to pay $8 mln to Nabors Industries, if deal terminated
Monday, 14 Aug 2017 06:23am EDT 

Aug 14 (Reuters) - Tesco Corp :Tesco says upon termination of merger agreement‍ with Nabors Industries​ under certain circumstances, co to pay cash termination fee of $8 million - SEC filing.  Full Article

Nabors announces agreement to acquire Tesco Corp in an all-stock transaction
Monday, 14 Aug 2017 06:00am EDT 

Aug 14 (Reuters) - Nabors Industries Ltd :Nabors announces agreement to acquire Tesco Corporation in an all-stock transaction that values Tesco common stock at $4.62 per share.Nabors Industries Ltd - first year operating synergies are expected to approach $20 million with full run-rate operating synergies of $30 million to $35 million.Nabors - ‍to buy all issued, outstanding shares of Tesco, with each outstanding Tesco share being exchanged for 0.68 common shares of Nabors​.  Full Article

Tesco reports Q2 adjusted loss per share $0.25 excluding items
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Tesco Corp :Tesco corporation reports second quarter 2017 results.Q2 adjusted loss per share $0.25 excluding items.Q2 GAAP loss per share $0.26.Q2 revenue $40.1 million versus I/B/E/S view $40.7 million.Q2 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Cash levels are expected to remain approximately flat over Q2.Tesco corp says in Q3 of 2017, expect overall revenue to increase sequentially primarily from growth in tubular services and new product sales.  Full Article

Tesco Corp says increased by 3 pct base salaries of USA, Canada employees impacted by 2015 compensation reductions
Monday, 22 May 2017 02:52pm EDT 

May 22 (Reuters) - Tesco Corp :Tesco corp -on april 4, 2017, management increased by 3 percent base salaries of usa, canada employees impacted by successive compensation reductions in 2015.Tesco corp says on april 28, committee approved a 3% increase in base annual salary of ceo - sec filing.  Full Article

Tesco Corp reports Q1 loss per share of $0.29
Tuesday, 9 May 2017 06:00am EDT 

May 9 (Reuters) - Tesco Corp :Tesco Corp reports first quarter 2017 results.Q1 adjusted loss per share $0.29 excluding items.Q1 gaap loss per share $0.29.Q1 revenue $36.7 million versus I/B/E/S view $35.7 million.Q1 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S.Anticipate U.S. Rig count to continue to increase during Q2 of 2017 but flatten in second half of 2017.International and offshore markets are not expected to show much improvement in 2017.Started to see some opportunities to increase pricing in U.S. land, but persistent overcapacity will likely limit pricing power throughout 2017.Sees Q2 products revenue is expected to be higher sequentially.Adjusted EBITDA loss is expected to improve sequentially in Q2.Cash levels are expected to decline due to operating losses and certain tax payments in Q2, although at a reduced rate compared to Q1.  Full Article

TESCO Corporation reports Q4 revenue $35.3 million
Tuesday, 28 Feb 2017 06:00am EST 

TESCO Corp : TESCO Corporation reports fourth quarter 2016 results . Q4 adjusted loss per share $0.28 excluding items . Q4 GAAP loss per share $0.43 . Q4 revenue $35.3 million versus I/B/E/S view $31 million . Q4 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S . TESCO-While North America rig count is expected to continue to increase during 2017, weakness in international and offshore markets is anticipated to continue . TESCO- See some opportunities to start to increase pricing in North America, however prevalent overcapacity to likely limit pricing power throughout 2017 . TESCO- In Q1 of 2017, products revenue is expected to be higher sequentially from higher new top drive sales . Tesco- In Q1 of 2017, products adjusted operating loss is expected to be approximately flat sequentially . TESCO Corp - Adjusted EBITDA loss is expected to be slightly higher sequentially in Q1 . TESCO Corp - Also expect cash levels to decline due to operating losses, U.S. property taxes and restructuring payments in Q1 .TESCO Corp - "Committed to additional restructuring actions starting in Q4 to reduce our fixed cost structure".  Full Article

TESCO corporation reports third quarter 2016 results
Friday, 4 Nov 2016 06:00am EDT 

TESCO Corp : TESCO corporation reports third quarter 2016 results . TESCO says at Sept 30, 2016, top drive backlog was nine units, with total potential value of $7.8 million, compared to nine units at June 30, 2016, with potential value of $8.5 million . Q3 adjusted loss per share $0.37 excluding items . Q3 GAAP loss per share $0.48 . Q3 revenue $30.4 million versus I/B/E/S view $29.4 million .Q3 earnings per share view $-0.37 -- Thomson Reuters I/B/E/S.  Full Article

Tesco Corp reports Q3 gaap loss per share $0.48
Friday, 4 Nov 2016 06:00am EDT 

Tesco Corp - : At Sept. 30, 2016, top drive backlog was nine units, with total potential value of $7.8 million, compared to nine units at june 30, 2016, with potential value of $8.5 million . Tesco corporation reports third quarter 2016 results . Q3 adjusted loss per share $0.37 excluding items . Q3 gaap loss per share $0.48 . Q3 revenue $30.4 million versus i/b/e/s view $29.4 million .Q3 earnings per share view $-0.37 -- Thomson Reuters I/B/E/S.  Full Article

Tesco Corp Q2 GAAP loss per share $0.47
Tuesday, 9 Aug 2016 06:00am EDT 

Tesco Corp : Tesco Corporation reports second quarter 2016 results . Q2 GAAP loss per share $0.47 . Q2 adjusted loss per share $0.39 excluding items . Q2 revenue $33.6 million versus I/B/E/S view $32.4 million . Q2 earnings per share view $-0.42 -- Thomson Reuters I/B/E/S . Do not expect any pricing improvement in near-term given excess service capacity in market .Adjusted EBITDA loss is expected to decline sequentially in Q3.  Full Article

Tesco announces pricing of public offering of common shares
Wednesday, 8 Jun 2016 08:33pm EDT 

Tesco Corp : Says public offering of 7.00 million common shares priced at $7.00per share .Tesco Corporation announces pricing of public offering of common shares.  Full Article

BRIEF-Tesco to pay $8 mln to Nabors Industries, if deal terminated

* Tesco says upon termination of merger agreement‍ with Nabors Industries​ under certain circumstances, co to pay cash termination fee of $8 million - SEC filing Source text for Eikon: (http://bit.ly/2fECQ3G) Further company coverage: