C&J Energy Services Inc. (CJES) Wednesday reported second quarter net income of $53 million or $0.99 per share, an increase from $33.2 million or $0.68 per share last year.
Results for the 2012 quarter included transaction costs of $0.01 per share, net of tax. The prior year included debt-related loss of $0.10 per share, net of tax.
Revenues for the quarter surged 53% to $278 million from $182 million a year ago.
Analysts polled by Thomson Reuters expected earnings of $0.92 per share on revenues of $274.37 million for the quarter. Analysts' estimates typically exclude special items.
Houston, Texas-based C&J Energy Services Inc. provides hydraulic fracturing, coiled tubing, and pressure pumping services to oil and natural gas companies.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.