FTS International: 3Q Earnings Snapshot
FORT WORTH, Texas (AP) _ FTS International Inc. (FTSI) on Monday reported a third-quarter loss of $10.8 million, after reporting a profit in the same period a year earlier.
The Fort Worth, Texas-based company said it had a loss of 10 cents per share. Losses, adjusted for asset impairment costs, were 5 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The provider of hydraulic fracturing services posted revenue of $186 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $208.1 million.
In the final minutes of trading on Monday, the company’s shares hit $1.49. A year ago, they were trading at $13.06.