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Natural Gas Services: 3Q Earnings Snapshot

MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Thursday reported third-quarter net income of $236,000.

On a per-share basis, the Midland, Texas-based company said it had profit of 2 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The maker of natural gas compression equipment and industrial flare systems posted revenue of $16.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $18.3 million.

Natural Gas Services shares have fallen 26 percent since the beginning of the year. The stock has declined 29 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 NGS at https://www.zacks.com/ap/NGS