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NexTier: 3Q Earnings Snapshot

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HOUSTON (AP) _ NexTier Oilfield Solutions Inc. (NEX) on Tuesday reported a third-quarter loss of $102.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 48 cents. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 38 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

The company posted revenue of $163.7 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $172.8 million.

In the final minutes of trading on Tuesday, the company's shares hit $2. A year ago, they were trading at $4.67.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEX at https://www.zacks.com/ap/NEX