BRIEF-Trican Well Service Ltd reports Q1 revenue C$111.8 million

Wed May 4, 2016 8:57pm EDT
 
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May 4 (Reuters) - Trican Well Service Ltd

* Reports first quarter results for 2016

* Q1 revenue C$111.8 million

* Q1 revenue view C$176.8 million -- Thomson Reuters I/B/E/S

* Q1 adjusted loss per share C$0.21

* Q1 earnings per share view C$-0.33 -- Thomson Reuters I/B/E/S

* Canadian results continue to be negatively impacted by reduced drilling and completion activity caused by low commodity prices

* As of Q1 2016, Trican has discontinued its operations in all other international markets

* Q2 2016 activity is expected to be down from prior quarter, and from same period in prior year

* Canadian margins were negatively impacted by lower pricing, by costs in Q1 of 2016 for severance related to workforce reductions

* Expect that rig count during Q2 of 2016 will remain at very low levels Source text for Eikon: Further company coverage: ))