Flotek Industries Q2 EPS $(0.02), Inline, Sales $50.59M Beat $47.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries (NYSE:FTK) reported Q2 losses of $(0.02) per share, in line with analyst consensus. This is a 60% improvement from the same period last year. The company's quarterly sales of $50.59 million beat the analyst consensus estimate of $47.80 million by 5.85%, marking a 72.25% increase from last year.
August 08, 2023 | 9:26 pm
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POSITIVE IMPACT
Flotek Industries reported Q2 earnings in line with estimates and sales beating estimates, indicating a positive financial performance.
Flotek Industries reported Q2 earnings that met analyst expectations and sales that exceeded estimates. This indicates a strong financial performance, which is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100