HOUSTON — Independent Contract Drilling Inc. (ICD) on Wednesday reported a loss of $14.9 million in its second quarter.
The Houston-based company said it had a loss of $2.22 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to $2.18 per share.
The provider of drilling services for oil and natural gas producers posted revenue of $19.8 million in the period.
The company’s shares closed at $3.11. A year ago, they were trading at $3.51.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICD at https://www.zacks.com/ap/ICD