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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Gator II who wrote (19055)	4/14/1998 10:15:00 PM
From: Gator II	Read Replies (3) \| Respond to of 95453

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