BUZZ-Parker Drilling Co: Profit beats estimates

miércoles 6 de agosto de 2014 14:55 GYT

** Drilling services provider's shares up 9 pct at $6.59

** Reports higher-than-expected second-quarter profit, helped by higher utilization and dayrates

** Profit of 12 cents per share, compared with the average analyst estimate of 10 cents

** "We expect continued improvement in market conditions in the U.S. on land and in the Gulf of Mexico..." said CEO Gary Rich

** More than 1.2 million shares traded by 2:40 pm ET, nearly two times their 50-day average