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Layne Christensen reports 4Q loss

THE WOODLANDS, Texas (AP) _ Layne Christensen Co. (LAYN) on Monday reported a loss of $33.1 million in its fiscal fourth quarter.

The The Woodlands, Texas-based company said it had a loss of $1.67 per share. Losses, adjusted for restructuring costs, were 95 cents per share.

The drilling and construction services provider posted revenue of $129.6 million in the period.

For the year, the company reported that its loss widened to $52.2 million, or $2.64 per share. Revenue was reported as $602 million.

Layne Christensen shares have fallen 21 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.55, a rise of 21 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 LAYN at https://www.zacks.com/ap/LAYN


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