Liberty Oilfield Services Inc. Announces Second Quarter 2020 Financial and Operational Results
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Liberty Oilfield Services (LBRT) Misses Q2 EPS by 11c, Revenues Miss
July 28, 2020 5:19 PM EDTLiberty Oilfield Services (NYSE: LBRT) reported Q2 EPS of ($0.55), $0.11 worse than the analyst estimate of ($0.44). Revenue for the quarter came in at $88 million versus the consensus estimate of $98.77 million.
Second Quarter Results
For the second quarter of 2020, revenue decreased 81% to $88 million from $472 million in the first quarter of 2020.Net loss before income taxes totaled $77 million for the second quarter of 2020 compared to net income before income taxes of $3 million for the first quarter of 2020.Net loss1 (after taxes) totaled $66 million for the second quarter of 2020 compared to net income1 of $2... More