Tetra Technologies Expects Q2 Earnings Above Prior Expectations
Portfolio Pulse from Lekha Gupta
Tetra Technologies Inc (TTI) has raised its Q2 2023 expectations due to strong operational performance. The company benefits from its industrial calcium chloride business, offshore completion fluids activity, and improved Water and Flowback Services margins. TTI expects revenues at the high end of the previously guided range of $165 million-$175 million, and net income to be above $11.5 million-$13.5 million. The company has also started a lithium feed study and plans to optimize the lithium plant design.
July 05, 2023 | 12:29 pm
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Tetra Technologies has raised its Q2 2023 expectations due to strong operational performance, which is likely to positively impact its stock price.
The company's strong operational performance and raised expectations for Q2 2023 indicate a positive financial outlook, which is likely to attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100