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."
"The company said its international operations were also hurt by lower rig utilization in the fourth quarter, while its U.S. operations saw weak demand for barge drilling rigs and increased competition in the rental tools business."
If you see that as good news, good luck!
Also, I have a great deal on a used cruise ship for you, just ignore the sewage on the floors and look at the positives!