Oil States International: 4Q Earnings Snapshot
HOUSTON (AP) _ Oil States International Inc. (OIS) on Wednesday reported a loss of $14.3 million in its fourth quarter.
The Houston-based company said it had a loss of 24 cents per share. Losses, adjusted for non-recurring costs and severance costs, were 19 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The energy services company posted revenue of $274.1 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $261.1 million.
For the year, the company reported that its loss narrowed to $19.1 million, or 33 cents per share. Revenue was reported as $1.09 billion.
Oil States International shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.58, a drop of 37 percent in the last 12 months.