Drilling Tools Intl Q2 EPS $0.05 Down From $0.30 YoY, Sales $37.91M Up From $30.37M YoY
Portfolio Pulse from vinayak@benzinga.com
Drilling Tools Intl (NASDAQ:DTI) reported Q2 earnings of $0.05 per share, a decrease of 83.33% YoY. However, the company's sales increased by 24.81% to $37.91 million compared to the same period last year.
August 14, 2023 | 11:41 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Drilling Tools Intl's Q2 earnings per share decreased by 83.33% YoY, while sales increased by 24.81% YoY.
The significant decrease in earnings per share could negatively impact the stock price. However, the increase in sales might offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100