FORT WORTH, Texas (AP) _ FTS International Inc. (FTSI) on Wednesday reported a first-quarter loss of $55 million, after reporting a profit in the same period a year earlier.
The Fort Worth, Texas-based company said it had a loss of 50 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The provider of hydraulic fracturing services posted revenue of $222.5 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $232.7 million.
FTS International shares have risen 45% since the beginning of the year. The stock has decreased 47% 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 FTSI at https://www.zacks.com/ap/FTSI