Frank’s International: 2Q Earnings Snapshot
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.