HOUSTON (AP) _ Oil States International Inc. (OIS) on Wednesday reported a loss of $18.7 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of 31 cents. Losses, adjusted for asset impairment costs and restructuring costs, came to 21 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The energy services company posted revenue of $137.4 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $138.9 million.
For the year, the company reported that its loss widened to $468.4 million, or $7.83 per share. Revenue was reported as $638.1 million.
Oil States International shares have risen 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.87, a fall of 37% in the last 12 months.