THE WOODLANDS, Texas — Tetra Technologies Inc. (TTI) on Thursday reported a loss of $6 million in its second quarter.
The The Woodlands, Texas-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The oil and gas services company posted revenue of $260.1 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $242.6 million.
Tetra Technologies expects full-year revenue in the range of $965 million to $1 billion.
The company’s shares closed at $4.17. A year ago, they were trading at $2.43.
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