Forbes Energy (FES) Tops Q1 EPS by 14c
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Forbes Energy Services Reports 2015 First Quarter Financial Results
May 14, 2015 6:00 AM EDTALICE, Texas, May 14, 2015 (GLOBE NEWSWIRE) -- Forbes Energy Services Ltd. (Nasdaq: FES) announced financial and operating results for the three months ended March 31, 2015.
Selected financial information for the quarter ended March 31, 2015:
Consolidated revenues were $84.3 million for the first quarter of 2015, compared to $111.7 million for the fourth quarter of 2014. Gross profit decreased to $23.8 million, or 28.2% of revenues, in the first quarter of 2015, compared to $25.9 million, or 23.2% of revenues, in the fourth quarter of 2014. GAAP net loss attributable to common shares was $4.6 million, or $0.21 per diluted share, for the first quarter... More