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.