THE WOODLANDS, Texas (AP) _ ChampionX Corporation (CHX) on Tuesday reported fourth-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of 4 cents. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The oil and gas drilling technology company posted revenue of $706.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $647.7 million.
ChampionX shares have climbed 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.13, a decline of 17% 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 CHX at https://www.zacks.com/ap/CHX
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