DENVER (AP) — DENVER (AP) — Liberty Oilfield Services Inc. (LBRT) on Thursday reported third-quarter profit of $43.1 million.
The Denver-based company said it had net income of 26 cents per share. Losses, adjusted for investment gains, came to 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The provider of hydraulic fracturing services posted revenue of $947.4 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $959.1 million.
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