Precision Drilling Q1 2024 GAAP EPS $1.88 Misses $2.63 Estimate, Sales $391.580M Miss $530.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Precision Drilling (NYSE:PDS) reported Q1 2024 earnings of $1.88 per share, missing the $2.63 estimate, with sales of $391.580M also missing the $530.500M estimate, marking a 5.23% decrease from the previous year.

April 25, 2024 | 10:34 am
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Precision Drilling reported lower than expected Q1 2024 earnings and sales, missing estimates with a 5.23% decrease in sales compared to last year.
Precision Drilling's significant miss on both earnings per share and sales estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight operational and market challenges that could concern investors.
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