HOUSTON (AP) — Exterran Corp. (EXTN) on Tuesday reported a loss of $29.9 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 91 cents. Losses, adjusted to account for discontinued operations and restructuring costs, came to 86 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 87 cents per share.
The provider of services for the oil and natural gas industry posted revenue of $136.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $142.5 million.
The company's shares closed at $3.32. A year ago, they were trading at $6.20.