Superior Energy Services Announces First Quarter 2018 Results
SUPERIOR ENERGY SERVICES INC (SPN)
Last superior energy services inc earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
ir.superiorenergy.com
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Source: GlobeNewswire
HOUSTON, April 24, 2018 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the first quarter of 2018 of $59.9 million, or $0.39 per share, on revenue of $482.3 million. This compares to net income from continuing operations of $21.9 million, or $0.14 per diluted share for the fourth quarter of 2017, on revenue of $497.0 million and a loss from continuing operations of $89.7 million, or $0.59 per share for the first quarter of 2017, on revenue of $400.9 million. The Company recorded a pre-tax charge of $8.1 million, primarily related to restructuring charges during the first quarter. The resulting adjusted net loss from continuing operations for the first quarter of 2018 was $52.9 million, or $0.34 per share. This compares to an adjusted net loss from continuing operations of $51.2 million, or $0.33 per share for the fourth quarter of 2017. David Dunlap, President and CEO, commented, “In U.S. land markets
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