Newpark Resources Q4 2023 Adj EPS $0.04 Misses $0.07 Estimate, Sales $167.82M Miss $171.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Newpark Resources reported Q4 2023 adjusted EPS of $0.04, missing the $0.07 estimate, and sales of $167.82M, below the $171.13M estimate. This represents a 25.47% decrease in sales compared to the same period last year.
February 21, 2024 | 9:27 pm
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Newpark Resources missed Q4 2023 earnings and sales estimates, with a significant year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and potentially the stock price of Newpark Resources in the short term.
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