Flotek Expects To Report Positive Adj. EBITDA For Q3
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries Inc. expects to report positive adjusted EBITDA for Q3, indicating a potential improvement in the company's financial performance.
September 14, 2023 | 8:15 pm
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POSITIVE IMPACT
Flotek Industries Inc. expects to report positive adjusted EBITDA for Q3, which could indicate an improvement in the company's financial performance and potentially impact the stock positively.
Positive EBITDA is generally seen as a good sign as it indicates that a company is profitable at an operational level, excluding interest, taxes, depreciation, and amortization. This news could make the stock more attractive to investors, potentially leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100