TETRA Technologies Posts Net Loss In Q3

(RTTNews) - TETRA Technologies Inc. (TTI) Monday announced a third quarter net loss attributable to the shareholders of $15.009 million, compared to profit of $9.755 million in the previous year. On a per share basis, loss were $0.16 compared to profit of $0.12 a year ago.

On averages 14 analysts polled by Thomson Reuters expected loss of $0.05 per share. Analysts estimates usually exclude special items.

Revenue for the quarter declined to $176.553 million from $305.144 million in the previous year. Wall Street expected revenue of $205.33 million.

Looking ahead to the full year 2016, the company expects adjusted free cash flow to be impacted by the timing of year-end collections from some large projects. The company said, partially as a result of these potential deferred collections, total year projected free cash flow is expected to be between $5 million and $15 million.