Flotek Industries: 1Q Earnings Snapshot
HOUSTON (AP) _ Flotek Industries Inc. (FTK) on Monday reported a first-quarter loss of $64 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of $1.07 per share. Losses, adjusted for asset impairment costs, were 11 cents per share.
The oilfield services company posted revenue of $19.4 million in the period.
The company’s shares closed at 91 cents. A year ago, they were trading at $3.40.