FTS International: 2Q Earnings Snapshot
FORT WORTH, Texas (AP) _ FTS International Inc. (FTSI) on Tuesday reported second-quarter profit of $5.9 million.
On a per-share basis, the Fort Worth, Texas-based company said it had net income of 5 cents.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The provider of hydraulic fracturing services posted revenue of $225.8 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $235.1 million.
In the final minutes of trading on Tuesday, the company’s shares hit $4.09. A year ago, they were trading at $12.06.