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What: Shares of Nuverra Environmental Solutions Inc (NASDAQOTH:NESC) fell 15% today after announcing earnings and an asset sale.
So what: For the fourth quarter, Nuverra reported $128.4 million in revenue and a net loss of $134.0 million from continuing operations. That's after pulling out $$26.1 million in revenue from Thermo Fluids,, which was sold to VeroLube for $175 million.
Now what: The loss of $0.53 per share was even bigger than the $0.35 per share loss that analysts expected and highlights the company's major challenge. Despite growing in size over the last two years, Nuverra has seen financials deteriorate and isn't generating a positive operating profit. It's not expected to this year or next either, which is enough to keep me out of the stock today.
Travis Hoium has no position in any stocks mentioned. The Motley Fool owns shares of Nuverra Environmental Solutions. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.