HOUSTON (AP) _ Dril-Quip Inc. (DRQ) on Wednesday reported a loss of $19.7 million in its first quarter.

The Houston-based company said it had a loss of 55 cents per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The maker of offshore drilling and production equipment posted revenue of $96 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $98.8 million.

Dril-Quip shares have decreased 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.61, a decline of 35% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRQ at https://www.zacks.com/ap/DRQ

Automated Insights, source Associated Press News