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Key Energy (KEG) -10.1% premarket after forecasting FQ2 results to miss its prior expectations,...
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Thursday, June 21, 2012, 8:17 AM ETKey Energy (KEG) -10.1% premarket after forecasting FQ2 results to miss its prior expectations, as KEG now expects earnings from continuing operations at $0.18-$0.20/share vs. prior $0.31-$0.33. KEG also cut full-year projections for U.S. revenue, pointing to lower than expected growth in liquid shale markets this year and a decline in natural gas prices.
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