Independent Contract Drilling: Q2 Earnings Snapshot – Albuquerque Journal

Independent Contract Drilling: Q2 Earnings Snapshot

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.

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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


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