Liberty Oilfield Services: 1Q Earnings Snapshot

DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Tuesday reported first-quarter earnings of $18.1 million.

The Denver-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The provider of hydraulic fracturing services posted revenue of $535.1 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $502.6 million.

Liberty Oilfield Services shares have increased 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.97, a decrease of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBRT at https://www.zacks.com/ap/LBRT