DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Tuesday reported a second-quarter loss of $45.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 55 cents. Losses, adjusted for severance costs, were 46 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The provider of hydraulic fracturing services posted revenue of $88.4 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $103.3 million.

Liberty Oilfield Services shares have dropped 43% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.35, a decline of 51% in the last 12 months.

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

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