Precision Drilling

10:15 AM EST - Precision Drilling : Announced 2019 third-quarter highlights. Revenue of $376 million was a decrease of 2% compared with the third quarter of 2018. Net loss of $4 million or negative $0.01 per share compares to a net loss of $31 million or negative $0.10 per share in the third quarter of 2018. Earnings before income taxes, loss (gain) on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and depreciation and amortization of $98 million was 21% higher than the third quarter of 2018. During the quarter, we recognized $6 million of non-recurring items that positively impacted Adjusted EBITDA but did not relate to current period operations. Precision Drilling shares T.PD are trading up $0.015 at $1.40.