Frank’s International NV (FI) posted a loss in its fourth quarter of $8.2 million on Tuesday.
It had a loss of 4 cents per share, the Den Helder, Netherlands-based company said. Losses were 2 cents per share, adjusted for severance costs.
In the era, the oil and gas pipe supplier reported revenues of $96.3 million.
The company announced that its loss shrank to $156.2 million, or 69 cents per share, for the year. The income was estimated to be $390.4 million.
Shares of the firm closed at $3.47. They were selling at $3.65 a year ago.