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Parker Drilling Co. Message Board

  • soulec soulec Feb 15, 2013 9:18 AM Flag

    Ouch!

    Item 2.02 Results of Operations and Financial Condition

    On February 15, 2013, Parker Drilling Company (the "Company" or "we") announced that it had reached a proposed settlement in connection with previously reported investigations by United States Department of Justice (DOJ) and United States Securities and Exchange Commission (SEC), and would recognize a charge of $15.85 million, or $0.13 per diluted share, for the fourth quarter of 2012 associated with the proposed settlement. The Company also provided an update regarding its expectations for results for the fourth quarter of 2012, including that it expects to report a net loss for the fourth quarter of between $0.03 and $0.05 per diluted share, excluding the impact of the settlement with the DOJ and SEC."

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