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2015-11-05 18:55:00

TESCO CORPORATION DOWN 57%

TESCO CORPORATION DOWN 57%

 

TESCO CORPORATION 3Q 20115 RESULTS

 

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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Tags: TESCO, TOP, DRIVES, DRILLING
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