Why Liberty Oilfield Services Stock Is Tumbling Today
Shares of Liberty Oilfield Services (NYSE: LBRT) had slumped nearly 15% by 2:45 p.m. EDT on Wednesday. Weighing on the oilfield service stock was its third-quarter report.
Liberty Oilfield Services reported revenue of $654 million, which was up 12% from the second quarter. However, it posted a net loss of $39 million, or $0.22 per share, which missed analysts' expectations. The consensus estimate was that it would report a loss of $0.08 per share.
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Source Fool.com
