Dril-Quip Q3 Adj EPS $(0.15) Misses $0.10 Estimate, Sales $117.24M Beat $111.73M Estimate
Portfolio Pulse from bharat@benzinga.com
Dril-Quip (NYSE:DRQ) reported Q3 losses of $0.15 per share, missing the analyst consensus estimate of $0.10 by 250%. This is a 400% decrease from the same period last year. However, the company reported quarterly sales of $117.24 million, beating the analyst consensus estimate of $111.73 million by 4.94%. This is a 33.02% increase from the same period last year.
October 26, 2023 | 8:25 pm
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Dril-Quip's Q3 earnings missed estimates significantly, but sales beat expectations. This mixed result could lead to uncertainty in the market.
Dril-Quip's earnings miss is a negative signal to investors, but the sales beat could offset this to some extent. The mixed result could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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RELEVANCE 100