THE WOODLANDS, Texas (AP) _ Newpark Resources Inc. (NR) on Thursday reported a loss of $983,000 in its first quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 1 cent.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The oil and gas industry supplier posted revenue of $158.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $144.1 million.
Newpark shares have increased slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.90, an increase of 48 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 NR at https://www.zacks.com/ap/NR
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