Tetra Technologies: 4Q Earnings Snapshot

THE WOODLANDS, Texas (AP) _ Tetra Technologies Inc. (TTI) on Thursday reported a fourth-quarter loss of $113.8 million, after reporting a profit in the same period a year earlier.

The The Woodlands, Texas-based company said it had a loss of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The oil and gas services company posted revenue of $259.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $250 million.

For the year, the company reported that its loss widened to $147.4 million, or $1.17 per share. Revenue was reported as $1.04 billion.

The company's shares closed at $1.43. A year ago, they were trading at $2.39.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTI at https://www.zacks.com/ap/TTI