Newpark Resources Q2 Adj EPS $0.08 Up From $0.01 YoY, Sales $183.26M Down From $194.14M YoY
Portfolio Pulse from vinayak@benzinga.com
Newpark Resources (NYSE:NR) reported Q2 earnings of $0.08 per share, a 700% increase YoY. However, sales decreased by 5.61% to $183.26M compared to $194.14M in the same period last year.
August 04, 2023 | 10:31 am
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Newpark Resources reported a significant increase in Q2 earnings but a decrease in sales YoY.
The significant increase in earnings could attract investors, but the decrease in sales might be a concern. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100