Carbo Ceramics Slips To Loss In Q2 - Quick Facts

(RTTNews) - Carbo Ceramics Inc. (CRR) Thursday reported second-quarter net loss of $17.0 million or $0.74 per share, compared to net income of $23.0 million or $1.00 per share a year earlier.

The current quarter net loss includes $7.6 million, or $0.33 per share, of after-tax costs primarily associated with slowing and idling production, the company said.

On average, 14 analysts polled by Thomson Reuters expected the company to report a loss of $0.67 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenues plunged to $73.25 million, from $176.56 million last year, but were above the $70.36 million Wall Street expected.