05:02 PM EDT, 07/17/2024 (MT Newswires) -- Liberty Energy (LBRT) reported Q2 adjusted net income late Wednesday of $0.61 per diluted share, down from $0.87 per share a year earlier.

Analysts polled by Capital IQ expected $0.61.

Revenue in the quarter ended June 30 fell to $1.16 billion from $1.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.16 billion.

The company's shares dropped 7.4% in recent after-hours activity.

Price: 20.50, Change: -1.64, Percent Change: -7.41