Shares of Superior Energy Services Skyrocket on Earnings Beat [The Motley Fool]
SUPERIOR ENERGY SERVICES INC (SPN)
Last superior energy services inc earnings: 2/19 04:15 pm
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Source: The Motley Fool
Shares of Superior Energy Services Skyrocket on Earnings Beat Tyler Crowe ( TMFDirtyBird Feb 9, 09 at :PM What happened Shares of oil services company Superior Energy Services NYSE:SPN So what Superior Energy Services reported an adjusted fourth-quarter loss of $0.0 per share, which was better than analyst estimates of a $0.8 loss. Those adjustments were related to several writedowns of asset values that totaled $7 million. The company's result on a GAAP Image source: Getty Images. Management also noted that it plans to allocate more of its capital spending to the international markets in 09. The company's services and offerings outside North America have been less volatile lately and should help to improve free cash flow. Now what As nice as it was to see Superior beat expectations for the quarter, it's important to keep in mind that this was a "not as bad as it could have been" kind of quarter. The company is still posting losses because a large portion of its business is in one of
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