Forbes Energy (FES) Misses Q4 EPS by 6c
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Forbes Energy Services Reports 2014 Fourth Quarter and Full Year Financial Results
March 27, 2015 6:30 AM EDTALICE, Texas, March 27, 2015 (GLOBE NEWSWIRE) -- Forbes Energy Services Ltd. (Nasdaq: FES) today announced financial and operating results for the three months and year ended December 31, 2014.
The Company reported consolidated revenues of $111.7 million for the fourth quarter of 2014, compared to $114.5 million for the third quarter of 2014.
Selected financial information for the quarter ended December 31, 2014:
Gross profit decreased to $25.9 million, or 23.2% of revenues, in the fourth quarter of 2014, compared to $27.7 million, or 24.2% of revenues, in the third quarter of 2014. GAAP net loss attributable to common shares was $4.2 million, or $0.19 per... More