Pioneer Reports a First Quarter Loss of $0.27 Per Share Which Includes a Previously Announced Reorganization Charge of $0.11 Per Share.
Business Wire › April 30, 1998
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Pioneer Reports a First Quarter Loss of $0.27 Per Share Which Includes a Previously Announced Reorganization Charge of $0.11 Per Share.
DALLAS--(BUSINESS WIRE)--April 30, 1998--Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) (TSE:PXD) reported a first quarter 1998 net loss of $26.8 million or $0.27 per share. First quarter results include a previously announced after-tax reorganization charge of $11.2 million or $0.11 per share. The reorganization includes reducing domestic operating divisions from six to three and divesting non-strategic assets to reduce the Company's cost structure and improve long-term profitability. For the same period last year, Pi...
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