09:44 AM EST - Precision Drilling Corporation : Announced 2018 third-quarter financial results. Revenue of $382 million was an increase of 22% over the prior year comparative quarter. Net loss of $31 million ($0.10 per share) compares to a net loss of $26 million ($0.09 per share) in the third quarter of 2017. Earnings before income taxes, loss on repurchase and redemption of unsecured senior notes, finance charges, foreign exchange and depreciation and amortization of $81 million was 11% higher than the third quarter of 2017. Precision Drilling
shares T.PD are trading down $0.03 at $3.35.
