HOUSTON (AP) _ Superior Energy Services Inc. (SPN) on Tuesday reported a loss of $47.7 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 31 cents.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The oilfield services company posted revenue of $467.2 million in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $488.2 million.
In the final minutes of trading on Tuesday, the company's shares hit $4.97. A year ago, they were trading at $10.07.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPN at https://www.zacks.com/ap/SPN