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Oil States International reported a surprise profit, but its stock price still dropped.
Oil States International (OIS) reported higher-than-expected quarterly earnings of $0.09 per share, despite a negative net margin of 2.78%.
Shares fell $0.45 to $4.92 on Friday, with a market cap of $310.37 million.
StockNews.com upgraded the stock rating from "sell" to "hold."
The company saw an improvement from a net loss last year to a net income of $15.2 million this quarter.
Trading volume was above average at 636,559 shares.
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Oil States International informó de un beneficio sorpresa, pero su precio de las acciones todavía cayó.