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THE WOODLANDS, Texas (AP) _ Newpark Resources Inc. (NR) on Thursday reported a first-quarter loss of $ 13.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 16 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The oil and gas industry supplier posted revenue of $ 114.5 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $ 133.3 million.
Newpark shares have dropped slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $ 5.27, a fall of 49 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 NR at http://www.zacks.com/ap/NR
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Keywords: Newpark Resources, Earnings Report
