Advertisement
Singapore markets closed

  • Straits Times Index

    3,272.70
    +47.53 (+1.47%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,268.17
    +276.09 (+0.42%)
     

  • CMC Crypto 200

    1,423.52
    +8.76 (+0.62%)
     

  • FTSE 100

    8,050.18
    +26.31 (+0.33%)
     

  • Gold

    2,308.40
    -38.00 (-1.62%)
     

  • Crude Oil

    82.25
    +0.35 (+0.43%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Oil States International: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

HOUSTON (AP) _ Oil States International Inc. (OIS) on Wednesday reported a loss of $405 million in its first quarter.

The Houston-based company said it had a loss of $6.79 per share. Losses, adjusted for one-time gains and costs, were 14 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The energy services company posted revenue of $219.7 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $226.3 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.32. A year ago, they were trading at $20.30.

_____

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