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HOUSTON (AP) — HOUSTON (AP) — Archrock Inc. (AROC) on Monday reported first-quarter profit of $70.9 million.
On a per-share basis, the Houston-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The natural gas compression services business posted revenue of $347.2 million in the period.
Archrock Inc. shares have fallen 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