Brief: NCS Multistage Holdings Inc Reports Q2 2019 Results

NCS Multistage Holdings

05/08/2019 23:20

Aug 5 (Reuters) - NCS Multistage Holdings Inc  NCSM.O :
    * NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES SECOND QUARTER
2019
RESULTS
    * Q2 ADJUSTED LOSS PER SHARE $0.11 EXCLUDING ITEMS
    * Q2 LOSS PER SHARE $0.48
    * Q2 REVENUE $39.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$37.9
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.20 -- REFINITIV IBES
DATA
    * DURING QUARTER, RECORDED AN IMPAIRMENT CHARGE OF $7.9
MILLION
FOR TRACER DIAGNOSTIC SERVICES REPORTING UNIT
    * "WE CONTINUE TO FACE A CHALLENGING MARKET ENVIRONMENT IN
OUR
PRIMARY OPERATING AREAS IN U.S. AND CANADA"
    * "WE BELIEVE THAT OPERATING ACTIVITY IN CANADA IS LIKELY TO
REMAIN SIGNIFICANTLY BELOW HISTORICAL AVERAGES"
    * IS IMPLEMENTING COST REDUCTION INITIATIVES
    * IN JULY 2019, REDUCED OUR EMPLOYEE WORKFORCE BY
APPROXIMATELY
SIX PERCENT

Source text for Eikon:  ID:nGNX74n9nJ 
Further company coverage:  NCSM.O 

 (Reuters.Briefs@thomsonreuters.com)