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.
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