HOUSTON (AP) — HOUSTON (AP) — Independent Contract Drilling Inc. (ICD) on Wednesday reported a loss of $9 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 62 cents. Losses, adjusted for one-time gains and costs, came to 50 cents per share.
The provider of drilling services for oil and natural gas producers posted revenue of $46.6 million in the period.
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