Oil States (OIS) Misses Q3 EPS by 6c

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Go back to Oil States (OIS) Misses Q3 EPS by 6c

Oil States Announces Third Quarter 2018 Results

October 29, 2018 7:00 AM EDT

HOUSTON, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the third quarter of 2018 of $4.0 million, or $0.07 per diluted share, which included charges related to:

Legal fees incurred for patent defense of $3.5 million ($2.8 million after-tax, or $0.05 per diluted share)A reserve for prior years' Fair Labor Standards Act ("FLSA") claim settlements of $2.6 million ($2.1 million after-tax, or $0.03 per diluted share)

These results compare to a reported net loss for the third quarter of 2017 of $15.0 million, or $0.30 per diluted share, which included... More