Oil States International Q2 EPS $0.01 Misses $0.06 Estimate, Sales $183.53M Miss $201.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oil States International (NYSE:OIS) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.06 by 83.33%. The company also reported quarterly sales of $183.53 million, missing the analyst consensus estimate of $201.87 million by 9.09%. However, this represents a 112.5% increase in earnings and a 0.93% increase in sales compared to the same period last year.
July 27, 2023 | 11:10 am
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Oil States International's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Oil States International reported lower than expected earnings and sales for Q2. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100