WOW!!!! That is good news. This link shows $0.16 though(still beats the 13 cents by a good bit). The land sector was supposed to be a problem this quarter...so this should help. biz.yahoo.com
Parker Drilling Posts Second Quarter Earnings
TULSA, Okla., April 14 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD - news) reported today unaudited revenue
of $125,217,000 and net income of $12,226,000 or $.16 per share for the second quarter fiscal 1998, which ended Feb. 28.
This compares to revenue of $79,042,000 and net income of $1,336,000 or $.02 per share for the same quarter one year ago.
''Each of our operating segments land drilling, offshore drilling and rental tools recorded an increase in revenue this quarter,''
said Robert L. Parker Jr., president and chief executive officer. ''Also, with our acquisition of Hercules Offshore
Corporation, this quarter fully reflects Parker's strong position in the Gulf of Mexico offshore market,'' he added.
A worldwide land and offshore drilling contractor, Parker Drilling also provides oil tool rental services.
PARKER DRILLING COMPANY
Financial Highlights
(In thousands except per share data)
Quarter Ended Feb. 28 Six Months Ended Feb. 28
Fiscal 1998 Fiscal 1997 Fiscal 1998 Fiscal 1997
Revenue $ 125,217 $ 79,042 $ 235,097 $124,240
Net Income $ 12,226 $ 1,336 $ 22,908 $ 2,815
Earnings
Per Share
(diluted) $ .16 $ .02 $ .29 $ .04
Total Assets $ 1,073,620 $ 740,496 $ 1,073,620 $740,496
Stockholders'
Equity $ 372,340 $ 273,262 $ 372,340 $273,262
SOURCE: Parker Drilling Company |
