Tetra Technologies: 3Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ Tetra Technologies Inc. (TTI) on Thursday reported a loss of $15.8 million in its third quarter.
The The Woodlands, Texas-based company said it had a loss of 13 cents per share. Losses, adjusted to account for discontinued operations and pretax expenses, were 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The oil and gas services company posted revenue of $245.9 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $274.7 million.
The company's shares closed at $1.84. A year ago, they were trading at $3.26.
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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 TTI at https://www.zacks.com/ap/TTI