RTTN: Natural Gas Services Q3 Profit Down Yet Tops View - Quick Facts
(RTTNews) - Natural Gas Services Group Inc. (NGS: News ) Wednesday posted decline in third-quarter profit, reflecting lower revenue, primarily due to a decrease in equipment sales. However, earnings per share topped analysts' estimates.
Net income slipped to $2.2 million or $0.18 per share from $2.6 million or $0.22 per share prior year.
Four analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue decreased to $14.2 million from $16.4 million last year, while two analysts anticipated revenue of $14.45 million.
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