Liberty Oilfield Services Inc. (LBRT) Reveals Disappointing Financial Results
On February 5, 2020, Liberty Oilfield Services, Inc. (LBRT) announced disappointing financial and operations results for fourth quarter and full year 2019, revealing diluted earnings per share that fell significantly below analysts’ expectations at $0.53 and full year 2019 EBITDA that decreased 37% compared to the previous year. On this news, Liberty’s stock price fell $1.07, or 12.06%, to close at $7.80 per share. The stock has yet to recover.
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