MIDLAND, Texas (AP) 鈥� MIDLAND, Texas (AP) 鈥� ProPetro Holding Corp. (PUMP) on Thursday reported a loss of $3.6 million in its first quarter.
On a per-share basis, the Midland, Texas-based company said it had a loss of 3 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The oilfield services company posted revenue of $270.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $270.3 million.
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