Drilling Tools Intl Q3 EPS $0.14 Down From $0.36 YoY, Sales $38.14M Up From $36.55M YoY
Portfolio Pulse from Benzinga Newsdesk
Drilling Tools Intl reported a decrease in Q3 EPS to $0.14 from $0.36 YoY, while sales increased to $38.14M from $36.55M YoY.
November 13, 2023 | 12:34 pm
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NEGATIVE IMPACT
Drilling Tools Intl's Q3 earnings per share dropped by 61.11% YoY, but sales saw a 4.35% increase from the same period last year.
The significant drop in EPS is likely to be viewed negatively by investors, overshadowing the modest increase in sales. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100