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C&J Energy Services: 4Q Earnings Snapshot

HOUSTON (AP) _ C&J Energy Services Inc. (CJ) on Thursday reported a fourth-quarter loss of $189.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of $2.87. Losses, adjusted for one-time gains and costs, came to 27 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The oilfield services company posted revenue of $490.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $499.1 million.

For the year, the company reported a loss of $130 million, or $1.94 per share, swinging to a loss in the period. Revenue was reported as $2.22 billion.

C&J Energy Services shares have climbed 31 percent since the beginning of the year. The stock has fallen 32 percent in the last 12 months.

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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 CJ at https://www.zacks.com/ap/CJ