OKLAHOMA CITY (AP) _ Seventy Seven Energy Inc. (SSE) on Monday reported a loss of $ 59.6 million in its first quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $ 1.09. Losses, adjusted for one-time gains and costs, were $ 1.01 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share.
The oil and gas company posted revenue of $ 155.4 million in the period.
The company’s shares closed at 24 cents. A year ago, they were trading at $ 4.61.
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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 SSE at http://www.zacks.com/ap/SSE
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Keywords: Seventy Seven Energy, Earnings Report
