DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Wednesday reported fourth-quarter net income of $152.9 million, after reporting a loss in the same period a year earlier.
The Denver-based company said it had profit of 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The provider of hydraulic fracturing services posted revenue of $1.23 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.19 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBRT at https://www.zacks.com/ap/LBRT