Oil States (OIS) Misses Q3 EPS by 6c
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Oil States Announces Third Quarter 2018 Results
October 29, 2018 7:00 AM EDTHOUSTON, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the third quarter of 2018 of $4.0Â million, or $0.07 per diluted share, which included charges related to:
Legal fees incurred for patent defense of $3.5Â million ($2.8Â million after-tax, or $0.05 per diluted share)A reserve for prior years' Fair Labor Standards Act ("FLSA") claim settlements of $2.6Â million ($2.1Â million after-tax, or $0.03 per diluted share)These results compare to a reported net loss for the third quarter of 2017 of $15.0Â million, or $0.30 per diluted share, which included... More
