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Oil States International posts 1Q loss

HOUSTON (AP) _ Oil States International Inc. (OIS) on Wednesday reported a loss of $17.7 million in its first quarter.

The Houston-based company said it had a loss of 35 cents per share. Losses, adjusted for severance costs, came to 34 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The energy services company posted revenue of $151.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $158.8 million.

Oil States International shares have decreased 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.10, declining slightly 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 OIS at https://www.zacks.com/ap/OIS


Keywords: Oil States International, Earnings Report