HOUSTON (AP) _ Carbo Ceramics Inc. (CRR) on Thursday reported a loss of $ 24.7 million in its first quarter.
The Houston-based company said it had a loss of $ 1.07 per share. Losses, adjusted for non-recurring costs and severance costs, were 54 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 88 cents per share.
The maker of material used to boost the output of oil and natural gas wells posted revenue of $ 33.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $ 37.4 million.
Carbo Ceramics shares have declined slightly more than 7 percent since the beginning of the year. The stock has fallen 53 percent in the last 12 months.
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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 CRR at http://www.zacks.com/ap/CRR
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Keywords: Carbo Ceramics, Earnings Report
