TETRA Technologies Posts Loss In Q2; Lowers FY13 EPS Guidance - Quick Facts

(RTTNews) - TETRA Technologies Inc. (TTI) reported a second-quarter net loss to stockholders of $2.93 million or $0.04 per share, compared to profit of $11.57 million or $0.15 per share, last year. Net income to stockholders excluding Maritech was $0.16 per share for the quarter. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $221.10 million, from $234.91 million last year. Analysts expected revenue of $248.01 million for the quarter.

The company lowered its earnings guidance range for the 2013 fiscal year to $0.70 to $0.75 per share, excluding the impact of the Maritech segment and employee severance costs. Analysts expect the company to report fiscal 2013 profit per share of $0.72.