Parker Drilling (PKD -1.8%) says it will record a $15.8M charge to cover a proposed settlement...

|About: Parker Drilling Company (PKD)|By:, SA News Editor

Parker Drilling (PKD -1.8%) says it will record a $15.8M charge to cover a proposed settlement with the U.S. government relating to possible violations of the Foreign Corrupt Practices Act in a case that has ensnared several explorers. PKD also expects to report a Q4 net EPS loss of $0.03-$0.05, citing slower demand for barge drilling rigs and increased competition in the rental tools market.