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Trican Well Service Ltd.

11:46 AM EST - Trican Well Service Ltd. : reported fourth-quarter net income of $14.7 million or $0.12 per share, compared to a loss of $96.3 million or $0.77 per share in the prior-year quarter. Adjusted net income for the quarter fell to $7.4 million or $0.06 per share from $38.7 million or $0.31 per share in the previous-year quarter. Funds provided by operations for the quarter was $27.5 million, compared to $78.9 million in the year-ago quarter. Revenue for the quarter declined 32% to $219.9 million from $322.8 million a year ago. Trican Well Service Ltd. shares T.TCW are trading up $0.17 at $14.91.