Liberty Oilfield Services: Q1 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Liberty Oilfield Services Inc. (LBRT) on Wednesday reported first-quarter earnings of $81.9 million.

On a per-share basis, the Denver-based company said it had net income of 48 cents.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The provider of hydraulic fracturing services posted revenue of $1.07 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.08 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBRT at https://www.zacks.com/ap/LBRT