November 9, 2016 / 12:23 PM / a year ago

BRIEF-Clearstream announces third quarter 2016 financial results

Nov 9 (Reuters) - Clearstream Energy Services Inc

* Clearstream Energy Services announces third quarter 2016 financial results

* Clearstream Energy Services says effect of Fort McMurray fires continued to impact Clearstream’s operations and people during Q3

* Clearstream Energy Services says expect financial impact of fires will extend into Q4

* Qtrly revenue $67.8 million versus $116.7 million

* Clearstream Energy Services says sees total financial impact of Fort McMurray fires on Clearstream’s business will be lost revenue of at least $35.0 million

* Qtrly loss per share $0.04

* Revenue for Q4 of 2016 is expected to be slightly lower compared to Q3 of 2016

* Clearstream Energy Services says fabrication demand is expected to remain weak during Q4 due to continued project and pipeline delays, deferrals

* Clearstream Energy Services says Fort McMurray fires estimated loss in revenue of $5.0 million during Q3 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below