U.S. Markets open in 8 hrs 40 mins

CSI Compressco: 2Q Earnings Snapshot

THE WOODLANDS, Texas (AP) _ CSI Compressco LP (CCLP) on Wednesday reported a loss of $9.6 million in its second quarter.

The The Woodlands, Texas-based company said it had a loss of 23 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The compression services provider posted revenue of $99.9 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $91.1 million.

CSI Compressco shares have decreased slightly since the beginning of the year. The stock has increased 20 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 CCLP at https://www.zacks.com/ap/CCLP