Superior Energy Services (SPN) Tops Q1 EPS by 21c
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Superior Energy Services Announces First Quarter 2020 Results
May 21, 2020 7:00 AM EDTHOUSTON, May 21, 2020 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (NYSE: SPN) (the Company) today announced a net loss from continuing operations for the first quarter of 2020 of $32.3 million, or $2.18 per share, on revenue of $321.5 million. This compares to a net loss from continuing operations of $6.2 million, or $0.42 per share, for the fourth quarter of 2019, on revenue of $336.1 million and a net loss from continuing operations of $32.6 million, or $2.10 per share, for the first quarter of 2019, on revenue of $365.3 million.Â
The Company reported pre-tax charges of $16.5 million in reduction in value of assets,... More
