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BRIEF-Independence Contract qtrly adjusted loss per share $0.14
April 27, 2017 / 11:19 AM / 3 months ago

BRIEF-Independence Contract qtrly adjusted loss per share $0.14

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April 27 (Reuters) - Independence Contract Drilling Inc

* Independence contract drilling, inc. Reports financial results for the first quarter ended march 31, 2017

* Q1 loss per share $0.17

* Q1 revenue $20.2 million versus $22.5 million

* Expansion of company's backlog by 66% to $70.6 million as of march 31, 2017

* Independence contract drilling inc - co's capital expenditure budget for 2017 has been increased by $8.0 million to $22.0 million

* Qtrly adjusted loss per share $0.14

* Says approximately $52.4 million of backlog is expected to be realized during remainder of 2017 Source text for Eikon: Further company coverage:

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