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Independent Contract Drilling: 3Q Earnings Snapshot

November 6, 2018

HOUSTON (AP) _ Independent Contract Drilling Inc. (ICD) on Tuesday reported a loss of $3.9 million in its third quarter.

On a per-share basis, the Houston-based company said it had a loss of 10 cents. Losses, adjusted for one-time gains and costs, came to 5 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.

The provider of drilling services for oil and natural gas producers posted revenue of $28.4 million in the period.

The company’s shares closed at $4.25. A year ago, they were trading at $3.43.

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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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