11:57 AM EST - Precision Drilling Corp. : reported a second-quarter net loss of $66.54 million or $0.24 per share compared with an earnings of $57.47 million or $0.22 per share for the second quarter of 2009. Revenue for the second quarter of 2010 totaled $261.83 million compared to $209.6 million for the same period of 2009. The company said that the increase in drilling activity in the second quarter of 2010 over the same period of 2009 led to the 25% increase in revenue. Precision Drilling Corp.
shares T.PD are trading down $0.26 at $7.54.
