Target Hospitality Corp. (TH) has reported an increase in its net income for the fourth quarter, rising to $37.84 million from the $31.57 million of the previous year. The net income for common stockholders, however, has seen a decrease, dropping to $30.59 million from the previous year's $31.57 million. The net income per share now stands at $0.29, falling from $0.31. A poll conducted by Thomson Reuters, involving three analysts, had projected a profit per share of $0.24 for the quarter. These predictions generally do not include exceptional items.
The total revenue for the fourth quarter saw a decrease, sliding to $126.22 million from the $152.44 million of the prior year. On average, the revenue had been estimated at $118 million by analysts.
