10:07 AM EST - Calfrac Well Services Ltd. : Announced its financial and operating results for the three months ended December 31, 2017. The company generated revenue of $485.5 million, an increase of 152% from the fourth quarter in 2016, resulting primarily from higher activity and a larger scale of operations in North America. It also reported net income attributable to shareholders of Calfrac of $38.0 million or $0.26 per share diluted, which included the $76.3 million property, plant and equipment impairment reversal, compared to a net loss of $61.5 million or $0.51 per share diluted in 2016.
Calfrac Well Services Ltd.
shares T.CFW are trading down $0.19 at $6.11.
