HOUSTON — Superior Energy Services Inc. (SPN) on Thursday reported a loss of $79.5 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of $5.36. Losses, adjusted to account for discontinued operations and non-recurring costs, came to 78 cents per share.
The oilfield services company posted revenue of $321.5 million in the period.
The company’s shares closed at $1.25. A year ago, they were trading at $21.90.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPN at https://www.zacks.com/ap/SPN