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FINWIRES

ProPetro Swings to Q1 Loss, Revenue Falls; Shares Drop

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-- ProPetro (PUMP) shares fell 0.8% in Thursday morning trading after the company swung to a Q1 loss and reported a decline in revenue.

The company reported a Q1 net loss of $0.03 per diluted share, swinging from a profit of $0.09 a year earlier.

Analysts polled by FactSet expected a loss of $0.11.

Revenue for the quarter ended March 31 was $270.7 million, down from $359.4 million a year earlier.

Analysts surveyed by FactSet expected $277.5 million.

Price: $18.13, Change: $-0.07, Percent Change: -0.38%

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