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Newpark: 2Q Earnings Snapshot

Associated Press
Updated

THE WOODLANDS, Texas (AP) _ Newpark Resources Inc. (NR) on Tuesday reported second-quarter profit of $4.3 million.

On a per-share basis, the The Woodlands, Texas-based company said it had net income of 5 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The oil and gas industry supplier posted revenue of $216.4 million in the period.

Newpark shares have increased 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.15, a fall of 33% in the last 12 months.

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