Oil States dips on bigger-than-expected loss after Hurricane Ida

Oil States International

01/11/2021 14:41

** Oilfield services firm Oil States International  OIS.N 
shares down 9.4% at $5.59 - their lowest in nearly six weeks 
    ** Co reports revenue of $140.53 mln, and 22 cents loss per
share, versus est. revenue of $153.12 and loss of 15 cents per
share, according to Refinitiv data
    ** Q3 results "reflect the impact of Hurricane Ida, which
negatively affected operations in southeast Louisiana and the
Gulf of Mexico," co says  urn:newsml:reuters.com:*:nGNX9wqzqN
    ** Hurricane Ida resulted in reduction in Oil States' and
its customers operations to the tune of consolidated quarterly
revenue worth $5.9 mln, co says
    ** Shares declined 12.9% this quarter; stock down 12.52% YTD

 (Reporting by Anisha Sircar)
 ((Anisha.Sircar@thomsonreuters.com))