THE WOODLANDS, Texas (AP) _ Newpark Resources Inc. (NR) on Wednesday reported a third-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The oil and gas industry supplier posted revenue of $202.8 million in the period.
Newpark shares have risen 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.02, a decline of 12% in the last 12 months.