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.
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