Natural Gas Services Group, Inc. (NGS) Reports Lower Net Income But Sees Signs Of Business Improvement
Natural Gas Services Group, Inc. reported net income of $1.4 million in the first quarter of 2010, compared to net income of $3.8 million in the same quarter of 2009. The company reported earnings of $0.11 per diluted share in the first quarter of 2010, compared to earnings of $0.31 per diluted share in the first quarter of 2009. Natural Gas Services Group, Inc. also saw a drop in revenue on a year over year basis to $11.5 million in the first quarter of 2010, from $20 million in the same quarter last year. Natural Gas Services Group, Inc. blamed…