C&J Energy Services (CJES) Misses Q3 EPS by 2c

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C&J Energy Services Announces Third Quarter 2015 Results

November 4, 2015 6:18 PM EST

HAMILTON, Bermuda, Nov. 4, 2015 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($455.0 million), or ($3.89) per diluted share, on revenue of $427.5 million for the third quarter of 2015, and an Adjusted Net Loss (1) of ($76.5 million), or ($0.65) per diluted share(1).  Adjusted Net Loss(1) excludes: a $367.8 million, or $3.15 per diluted share, after-tax impairment charge; a $5.2 million, or $0.05 per diluted share, after-tax charge related to costs associated with the March 2015 combination of C&J Energy Services, Inc. ("Legacy C&J") with the completion and production services business of Nabors Industries Ltd.... More