Tesco Corporation Reports Fourth Quarter 2015 Results and Announces Suspension of Dividend

- Oil and Energy
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– Revenues declined to $52.2 million as a result of challenging market conditions

– Adjusted EBITDA was $(2.0) million, or 3.8% of revenue

– The quarter ended with cash of $51.5 million and no debt

– Reported diluted EPS was a loss of $2.00 and adjusted EPS was a loss of $0.33

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