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Liberty Oilfield Services: 4Q Earnings Snapshot

DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Wednesday reported a fourth-quarter loss of $12.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 15 cents.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The provider of hydraulic fracturing services posted revenue of $398 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $419 million.

For the year, the company reported profit of $39 million, or 53 cents per share. Revenue was reported as $1.99 billion.

Liberty Oilfield Services shares have fallen 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.87, a decrease of 44% 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 LBRT at https://www.zacks.com/ap/LBRT