C&J Energy Services Q4 Profit Declines - Quick Facts

(RTTNews) - C&J Energy Services Inc. (CJES) reported net income of $7.3 million, or $0.13 per share, for the fourth quarter of 2013, compared to $30.4 million, or $0.56 per share, for the fourth quarter of 2012. The company noted that its net income for the fourth quarter was impacted by an abnormally high tax rate for the quarter due to the timing and deductibility of certain expenses, as well as other year-end true-ups.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.22 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $265.4 million, a 7% decrease compared to $286.3 million, prior year. Analysts expected revenue of $263.01 million for the quarter.