U.S. Markets closed

Carbo Ceramics: 2Q Earnings Snapshot

HOUSTON (AP) _ Carbo Ceramics Inc. (CRR) on Thursday reported a loss of $14.8 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 55 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.

The maker of material used to boost the output of oil and natural gas wells posted revenue of $58 million in the period.

Carbo Ceramics shares have dropped almost 3 percent since the beginning of the year. The stock has increased 48 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 CRR at https://www.zacks.com/ap/CRR