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Tesco 1Q profit falls, revenue beats Street's view

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HOUSTON (AP) — Tesco Corp. said Monday that its first-quarter net income fell 39 percent, hurt by reduced rig activity in North America. The Houston company, which provides technology and services for oil and natural gas drilling, earned $8.8 million, or 22 cents per share, for the three months ended March 31. That compares with $14.5 million, or 37 cents per share, a year ago. Analysts polled...

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