Oil States International: 2Q Earnings Snapshot
HOUSTON (AP) _ Oil States International Inc. (OIS) on Monday reported second-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had profit of 5 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The energy services company posted revenue of $285.8 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $282.8 million.
Oil States International shares have climbed 20 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months.