MIDLAND, Texas (AP) _ ProPetro Holding Corp. (PUMP) on Tuesday reported a loss of $20.2 million in its fourth quarter.
On a per-share basis, the Midland, Texas-based company said it had a loss of 20 cents.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The oilfield services company posted revenue of $246.1 million in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $244.7 million.
For the year, the company reported a loss of $54.2 million, or 53 cents per share. Revenue was reported as $874.5 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PUMP at https://www.zacks.com/ap/PUMP
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