CSI Compressco: 3Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ CSI Compressco LP (CCLP) on Wednesday reported a loss of $7.9 million in its third quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 18 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The compression services provider posted revenue of $115.3 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $108.8 million.
The company’s shares closed at $4.65. A year ago, they were trading at $4.69.