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Why Liberty Oilfield Services Stock Is Tumbling Today

Why Liberty Oilfield Services Stock Is Tumbling Today

Shares of Liberty Oilfield Services (NYSE: LBRT) had slumped nearly 15% by 2:45 p.m. EDT on Wednesday. Weighing on the oilfield service stock was its third-quarter report. Liberty Oilfield Services reported revenue of $654 million, which was up 12% from the second quarter.