Nine Energy Services (NINE) Misses Q1 EPS by 14c, Revenues Miss
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Nine Energy Service Announces First Quarter 2020 Results
May 7, 2020 6:30 AM EDTRevenue, net loss and adjusted EBITDAA of $146.6 million, $(300.9) million and $10.3 million, respectively for the first quarter of 2020 First quarter basic EPS of $(10.22) and $(0.51) adjusted basic EPSB As of March 31, 2020, cash and cash equivalents of $90.1 million
HOUSTON--(BUSINESS WIRE)-- Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported first quarter 2020 revenues of $146.6 million, net loss of $(300.9) million and adjusted EBITDA of $10.3 million. The first quarter net loss of $(300.9) million, or $(10.22) per basic share, includes goodwill impairment charges of $296.2 million associated with the tools, cementing and wireline... More
