Pacific Drilling (PACD) announced solid second quarter results on August 7, 2013. These results do an admirable job of showing the company's growth potential. In fact, the company still has the bulk of its growth potential ahead of it. Therefore, what we see in these results are merely the opening chapters of a very exciting story.
Here are the highlights from the company's earnings announcement (linked above):
- The company brought in total revenue of $176.8 million in the quarter. This is a slight increase over the $175 million that the company earned in the first quarter. It also represents a 12.75% increase over the prior year quarter.
- The company had a net income of $21.0 million, excluding
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