Houston-Based Oilfield Company Expects Weak 3Q Profits

HOUSTON (October 14, 2013)—Houston-based Superior Energy Services Inc. said Monday it anticipates its third-quarter earnings will come in below Wall Street's expectations, because of lower pricing and lower customer demand for some of its services.

The oilfield services company said Monday that it foresees earnings in a range of 39 cents to 41 cents per share.

Analysts surveyed by FactSet predict earnings of 50 cents per share.

Superior Energy Services says some of its U.S. land services were used less including its fluid management in the onshore completion and workover services segment and coiled tubing, remedial pumping and other production-related services in the production services unit.

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