Superior Energy Services (SPN) Misses Q3 EPS by 16c

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Go back to Superior Energy Services (SPN) Misses Q3 EPS by 16c

Superior Energy Services Announces Third Quarter 2016 Results

October 24, 2016 4:15 PM EDT

HOUSTON, Oct. 24, 2016 /PRNewswire/ -- Superior Energy Services, Inc. (the "Company") today announced a net loss from continuing operations for the third quarter of 2016 of $113.9 million, or $0.75 per share, on revenue of $326.2 million.  This compares to a net loss from continuing operations for the second quarter of 2016 of $468.6 million, or $3.09 per share, on revenue of $356.3 million and a net loss from continuing operations for the third quarter of 2015 of $816.6 million, or $5.42 per share, on revenue of $601.4 million.

The Company recorded a pre-tax charge of $4.3 million for restructuring costs during the third quarter.  The resulting adjusted net loss... More