Nine Energy: 1Q Earnings Snapshot
HOUSTON (AP) _ Nine Energy Services Inc. (NINE) on Thursday reported a first-quarter loss of $300.9 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of $10.22 per share. Losses, adjusted for one-time gains and costs, were 51 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The oilfield services company posted revenue of $146.6 million in the period.
The company's shares closed at $1.07. A year ago, they were trading at $20.33.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NINE at https://www.zacks.com/ap/NINE