Nine Energy Service (NINE) Reports Q1 Loss, Tops Revenue Estimates

Nine Energy Service (NINE) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.24 per share when it actually produced a loss of $0.22, delivering a surprise of 8.33%.Over the last four quarters, the c ...