DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Tuesday reported third-quarter net income of $11 million.
The Denver-based company said it had profit of 15 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The provider of hydraulic fracturing services posted revenue of $515.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $522 million.
Liberty Oilfield Services shares have declined 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.37, a decline of 45% in the last 12 months.