HOUSTON (AP) — HOUSTON (AP) — Independent Contract Drilling Inc. (ICD) on Wednesday reported a loss of $26 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of $1.84. Losses, adjusted for asset impairment costs and amortization costs, came to 61 cents per share.
The provider of drilling services for oil and natural gas producers posted revenue of $45.8 million in the period.
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For the year, the company reported a loss of $37.7 million, or $2.69 per share. Revenue was reported as $210.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICD at https://www.zacks.com/ap/ICD