ProFrac Holding Corp falls after posting Q4 loss vs. year-ago profit
13/03/2024 11:03
** Shares of oilfield services company ProFrac Holding Corp
ACDC.O down 3.5% at $7.65 premarket
** Company posts loss in the fourth quarter
** Posts Q4 net loss of $96.5 mln vs. net income of $116 mln
in Q4 2022
** Posts Q4 revenue of $489.1 mln vs. estimates of $594.9
mln - LSEG
** "Our fourth quarter results were challenged, as we
expected, due to softness that persisted throughout the second
half of the year." - Executive Chairman Matt Wilks
** Up to last close, ACDC down ~6 YTD
(Reporting by Roshia Sabu in Bengaluru)
((Roshia.Sabu@thomsonreuters.com))