CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Precision Drilling Corp. (PDS) on Thursday reported third-quarter profit of $14.8 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of $1.08.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The oilfield services company posted revenue of $333 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $328.6 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 PDS at https://www.zacks.com/ap/PDS