HOUSTON (AP) — HOUSTON (AP) — Archrock Inc. (AROC) on Monday reported fourth-quarter profit of $59.8 million.
The Houston-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The natural gas compression services business posted revenue of $326.4 million in the period.
Archrock Inc. shares have increased almost 4% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AROC at https://www.zacks.com/ap/AROC
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