SAN FRANCISCO (Thomson Financial) - Union Drilling Inc. late Wednesday
reported fourth-quarter net earnings of $3.87 million, or 18 cents a share,
versus $8.63 million, or 40 cents a share, a year earlier.
Earnings before interest, taxes, depreciation and amortization fell to $18
million from $23.5 million last year.
The mean estimate of analysts polled by Thomson Financial was for a
per-share profit of 38 cents.
Revenue for the quarter ended Dec. 31 fell to $67.4 million from $72.1
million in the year-earlier period.
Shares of the Fort Worth, Texas-based provider of land drilling services and
equipment closed the regular session up 21 cents at $21.01 but fell 11% to
$18.75 in after-hours trading.
Brigid Gaffikin
bg/kh
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