AP NEWS

CSI Compressco: 3Q Earnings Snapshot

November 7, 2018

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.

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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 CCLP at https://www.zacks.com/ap/CCLP

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