Superior Energy Services (SPN) Misses Q3 EPS by 12c

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Go back to Superior Energy Services (SPN) Misses Q3 EPS by 12c

Superior Energy Services Announces Third Quarter 2015 Results

October 28, 2015 4:16 PM EDT

HOUSTON, Oct. 28, 2015 /PRNewswire/ -- Superior Energy Services, Inc. (the "Company") today announced an adjusted net loss from continuing operations for the third quarter of 2015 of $68.8 million, or  $0.46 per share, excluding special items, on revenue of $601.4 million.  This compares to an adjusted net loss from continuing operations of $47.4 million, or $0.31 per share, excluding special items, for the second quarter of 2015, on revenue of $710.8 million.  Reported loss from continuing operations for the third quarter of 2015 was $816.6 million, or $5.42 per share.

The prolonged decline in market activity resulted in the Company reporting a pre-tax charge of $755.6 million... More