HOUSTON (AP) — HOUSTON (AP) — Independent Contract Drilling Inc. (ICD) on Thursday reported fourth-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Houston-based company said it had profit of 20 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The provider of drilling services for oil and natural gas producers posted revenue of $60.3 million in the period.
For the year, the company reported that its loss narrowed to $65.3 million, or $5.01 per share. Revenue was reported as $186.7 million.
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