May 1 (Reuters) - Calfrac Well Services Ltd CFW.TO :
* CALFRAC ANNOUNCES FIRST QUARTER RESULTS
* Q1 REVENUE C$475 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$482.1 MILLION
* Q1 LOSS PER SHARE C$0.25
* Q1 EARNINGS PER SHARE ESTIMATE C$-0.06 -- REFINITIV IBES DATA
* CALFRAC WELL SERVICES - OUTLOOK FOR ARGENTINA IN 2019 REMAINS POSITIVE DUE TO RECENT ADDITION OF A SUBSTANTIAL FRACTURING CONTRACT IN NEUQUÉN DISTRICT
* HIGHER LEVEL OF UTILIZATION IS EXPECTED TO IMPROVE PROFITABILITY THROUGHOUT UPCOMING QUARTERS IN ARGENTINA
* CALFRAC WELL SERVICES - CONTRACTED WORK VOLUMES ANTICIPATED TO RESULT IN IMPROVED LEVELS OF UTILIZATION, PROFITABILITY DURING Q2, REMAINDER OF 2019 IN RUSSIA
* EXPECTS ACTIVITY TO INCREASE FROM CURRENT LEVELS THROUGH REMAINDER OF Q2 IN CANADA