FORT WORTH, Texas (AP) _ FTS International Inc. (FTSI) on Wednesday reported a loss of $11.7 million in its first quarter.
On a per-share basis, the Fort Worth, Texas-based company said it had a loss of 11 cents. Losses, adjusted for one-time gains and costs, were 9 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The provider of hydraulic fracturing services posted revenue of $151.5 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit 35 cents. A year ago, they were trading at $10.74.