MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Wednesday reported a loss of $2.4 million in its third quarter.
On a per-share basis, the Midland, Texas-based company said it had a loss of 2 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The oilfield services company posted revenue of $293.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $257.8 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 PUMP at https://www.zacks.com/ap/PUMP
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