Parker Drilling Reports In-Line Q2; Shares 1.5% Lower


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Parker Drilling Company ( PKD ) Q2 2012 net income, ex-items, of $21.3 million or $0.18 per diluted share, compared with Q2 2011 net income of $15.8 million or $0.13 per diluted share. Revenues for the period weighed in at $178.92 million, versus $172.81 million for the comparable period.

Both EPS and revenues were in-line with the Capital IQ analyst consensus.

Adjusted EBITDA, ex-items, was $67.2 million compared with $62.7 million for the prior year's second quarter.

PKD shares are down 1.5% to $4.40.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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