Like we Said Before – Liberty Oilfield Services (LBRT) Misses Q4 Earnings and Revenue Estimates

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Like we had predicted it here Liberty Oilfield Services Inc (LBRT) on Tuesday reported fourth-quarter profit of $19 million.

The Denver-based company said it had profit of 27 cents per share.

Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The provider of hydraulic fracturing services posted revenue of $473.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $496.8 million.link

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