C&J Energy Services (CJES) Tops Q1 EPS by 8c

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Go back to C&J Energy Services (CJES) Tops Q1 EPS by 8c

C&J Energy Services Announces First Quarter 2016 Results

May 10, 2016 4:39 PM EDT

HAMILTON, Bermuda, May 10, 2016 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($428.4 million), or ($3.65) per diluted share, on revenue of $269.6 million for the first quarter of 2016, and an Adjusted Net Loss(1) of ($71.1 million), or ($0.61) per diluted share(1).  Adjusted Net Loss(1) excludes the following, net of tax: a $337.0 million, or $2.87 per diluted share, impairment charge; a $8.6 million, or $0.07 per diluted share, charge related to severance, facility closures and other one-time costs; a $6.4 million, or $0.05 per diluted share, non-recurring charge related to share-based compensation; a $3.0 million, or... More