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Superior Energy: 1Q Earnings Snapshot

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