Forum Energy Technologies Q4 Adj $(0.39) Up From $(0.45) YoY, Sales $185.20M Down From $190.70M YoY
Portfolio Pulse from Benzinga Newsdesk
Forum Energy Technologies (FET) reported a Q4 adjusted loss of $(0.39) per share, improving from $(0.45) YoY. Sales decreased to $185.20M from $190.70M YoY.
February 29, 2024 | 9:58 pm
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NEUTRAL IMPACT
Forum Energy Technologies reported a smaller loss per share in Q4 compared to last year, but sales decreased slightly.
The improvement in losses per share indicates a positive direction in FET's financial health, potentially attracting investor interest. However, the decrease in sales might raise concerns about revenue growth, creating a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100