TESCO CORPORATION DOWN 57%
TESCO Corporation Reports Third Quarter 2015 Results:
- As a result of difficult market conditions, third quarter revenues declined to $61 million
- Adjusted EBITDA for the third quarter was $(1.0) million and free cash flow was near break-even after restructuring
- Restructuring programs to date have yielded $40 million of annualized savings, with additional opportunities for…
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