THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Target Hospitality Corp. (TH) on Monday reported a loss of $6.5 million in its first quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 7 cents. Losses, adjusted to extinguish debt, were 5 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 2 cents per share.
The company posted revenue of $69.9 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $65.4 million.
Target Hospitality expects full-year revenue in the range of $265 million to $285 million.
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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 TH at https://www.zacks.com/ap/TH
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