Superior Energy: 3Q Earnings Snapshot
Superior Energy: 3Q Earnings Snapshot
HOUSTON (AP) _ Superior Energy Services Inc. (SPN) on Monday reported a loss of $21.8 million in its third quarter.
On a per-share basis, the Houston-based company said it had a loss of 14 cents.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The oilfield services company posted revenue of $573.1 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $571.3 million.
Superior Energy shares have fallen roughly 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.71, a drop of almost 2 percent in the last 12 months.
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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 SPN at https://www.zacks.com/ap/SPN