CALGARY, Alberta (AP) _ Precision Drilling Corp. (PDS) on Thursday reported a loss of $61.8 million in its second quarter.
The Calgary, Alberta-based company said it had a loss of $4.65 per share.
The oilfield services company posted revenue of $163.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $167.3 million.
Precision Drilling shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDS at https://www.zacks.com/ap/PDS
The Associated Press
