AP NEWS
Click to copy
Click to copy
Related topics

Frank’s International: 2Q Earnings Snapshot

August 6, 2019

DEN HELDER, Netherlands (AP) _ Frank’s International NV (FI) on Tuesday reported a loss of $15.2 million in its second quarter.

On a per-share basis, the Den Helder, Netherlands-based company said it had a loss of 7 cents.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The oil and gas pipe provider posted revenue of $155.7 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $147.3 million.

The company’s shares closed at $5. A year ago, they were trading at $8.42.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FI at https://www.zacks.com/ap/FI

All contents © copyright 2019 The Associated Press. All rights reserved.