Liberty Energy: Q3 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Liberty Energy Inc. (LBRT) on Wednesday reported a loss of $39.1 million in its third quarter.

The Denver-based company said it had a loss of 24 cents per share. Earnings, adjusted for one-time gains and costs, were 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The provider of hydraulic fracturing services posted revenue of $1.2 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.17 billion.

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