FORT WORTH, Texas — FTS International Inc. (FTSI) on Wednesday reported a fourth-quarter loss of $13 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Fort Worth, Texas-based company said it had a loss of 12 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The provider of hydraulic fracturing services posted revenue of $142.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $135.9 million.
For the year, the company reported a loss of $72.9 million, or 67 cents per share, swinging to a loss in the period. Revenue was reported as $776.6 million.
In the final minutes of trading on Wednesday, the company’s shares hit 49 cents. A year ago, they were trading at $8.99.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTSI at https://www.zacks.com/ap/FTSI