It's "Official" PKD's 2nd Qtr Earnings--.16 versus .02 (fully diluted) on a 58.4% increase in Revenues. Company Press Release follows:
>Tuesday April 14, 9:00 pm Eastern Time<
>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 |
