Parker Drilling Co (fka PKDC)

[eastunder]

PKD: Q4 Adj EPS 1c vs 0c Misses 5c Est

Wednesday, February 23, 2011 09:15ET

QUARTER RESULTS
Parker Drilling Company (PKD) reported Q4 results ended December 2010. Q4 Revenues were $173.30M; -1.42% vs yr-ago; BEATING revenue consensus by +8.11%. Q4 EPS was (12c). Adjusted Q4 EPS was 1c; +1c vs yr-ago; MISSING earnings consensus by -80.00%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $173.30M      $175.79M      -1.42%      $160.30M      +8.11% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (12c)           N/A         N/A           N/A         N/A 
 Adj EPS:              1c            0c         +1c            5c     -80.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended December 2010. FY Revenues were $659.50M; -12.41% vs yr-ago; BEATING revenue consensus by +2.59%. FY EPS was (13c). Adjusted FY EPS was 8c; -42.86% vs yr-ago; MISSING earnings consensus by -50.00%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $659.50M      $752.91M     -12.41%      $642.87M      +2.59% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (13c)           N/A         N/A           N/A         N/A 
 Adj EPS:              8c           14c     -42.86%           16c     -50.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE
Consensus estimate data provided by Reuters.
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