HOUSTON (AP) — HOUSTON (AP) — Oil States International Inc. (OIS) on Friday reported a loss of $13.4 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs, came to 3 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The energy services company posted revenue of $167.3 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $190.1 million.
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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 OIS at https://www.zacks.com/ap/OIS
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