THE WOODLANDS, Texas (AP) 鈥� THE WOODLANDS, Texas (AP) 鈥� Target Hospitality Corp. (TH) on Monday reported a loss of $12.9 million in its first quarter.
The The Woodlands, Texas-based company said it had a loss of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The company posted revenue of $72.8 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $74 million.
Target Hospitality expects full-year revenue in the range of $370 million to $380 million.
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