Frank's International (FI) Tops Q3 EPS by 1c
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Frank’s International N.V. Announces Third Quarter 2016 Results
November 3, 2016 8:01 AM EDTHOUSTON, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Franks International N.V. (NYSE: FI) (Franks or the Company) today reported a net loss of $37.0 million, or $0.21 per share, on revenue of $105.1 million for the three months ended September 30, 2016 and an adjusted net loss of $22.4 million, or $0.13 per share. Adjusted net loss excludes $14.5 million in severance and other charges. Adjusted EBITDA for the quarter was a loss of $3.1 million compared to a net loss of $31.4 million and an adjusted EBITDA loss of $13.7 million for the second quarter 2016.
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