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Precision Drilling Trust

04:26 PM EST - Precision Drilling Trust : reported third-quarter net income of $72 million or $0.25 per unit, compared to $82 million or $0.61 per unit last year. Revenue for the quarter fell 11.3% to $253.34 million from $285.64 million in the prior year. Earnings before interest, taxes, depreciation and amortization and foreign exchange were $86 million for the third quarter of 2009, a 28% decline from the previous year. Precision Drilling Trust shares T.PD.UN are trading up $0.39 at $7.98.