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Stock Market & Financial Investment News

News Breaks
February 26, 2014
08:03 EDTPKDParker Drilling reports Q4 EPS adjusted 10c, consensus 10c
Reports Q4 revenue $243.3M, consensus $235.75M.
News For PKD From The Last 14 Days
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February 25, 2015
15:22 EDTPKDParker Drilling files $1B mixed securities shelf
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February 19, 2015
05:22 EDTPKDParker Drilling CEO says FY15 will be 'challenging'
Gary Rich, chairman, president, and CEO of Parker Drilling, stated, "It is clear that FY15 will be a challenging year. The steep and rapid decline in oil prices has led to a sharp reduction in drilling activity in U.S. land and Gulf of Mexico inland and shallow water markets. This also is putting increased pressure on prices for our services. We anticipate the downturn in our U.S. markets will be severe and expect our international markets to be impacted as well, though with less severity. We are taking actions across the company to lower our cost base, sustain our utilization, manage our cash and liquidity, and preserve our ability to respond as opportunities develop."
05:20 EDTPKDParker Drilling reports Q4 EPS 6c, consensus 3c
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