USA Compression: 3Q Earnings Snapshot
AUSTIN, Texas (AP) _ USA Compression Partners LP (USAC) on Tuesday reported a third-quarter loss of $563,000, after reporting a profit in the same period a year earlier.
The Austin, Texas-based company said it had a loss of 10 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The natural gas compression services company posted revenue of $168.9 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $171.5 million.
USA Compression shares have declined almost 9 percent since the beginning of the year. The stock has declined slightly more than 7 percent in the last 12 months.