TETRA Technologies Q4 Loss Widens, Adj. EPS Tops View - Quick Facts

(RTTNews) - Oil and gas services provider TETRA Technologies Inc. (TTI) reported a wider fourth-quarter 2013 net loss attributable to stockholders of $10.33 million, versus a $4.0 million loss last year.

Loss from continuing operations attributable to TETRA stockholders was $0.13 per share, compared with a loss of $0.05 per share reported in the 2012 period. The recent results included net loss after tax totaling about $0.25 per share, compared with last year's loss after tax of nearly $0.26 per share, according to the company.

Quarterly adjusted earnings per share attributable to TETRA stockholders were $0.12, excluding Maritech and unusual charges totaling $0.25. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.11 for the quarter. Analysts' estimates typically exclude one-time items.

Consolidated revenues for the quarter were $225.4 million, versus $231.14 million in the comparable period in 2012. Analysts estimated revenues of $225.79 million for the quarter.