Nine Energy Service Q4 2023 GAAP EPS $(0.300), Inline, Sales $144.073M Beat $142.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service (NYSE:NINE) reported Q4 2023 earnings with losses of $(0.300) per share, meeting analyst estimates. Sales reached $144.073M, surpassing the $142.150M forecast but marking a 13.56% decrease from the previous year.
March 07, 2024 | 10:17 pm
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Nine Energy Service reported Q4 2023 earnings with EPS of $(0.300), in line with estimates, and sales of $144.073M, exceeding expectations but showing a year-over-year decline.
The EPS meeting analyst estimates and the sales beating forecasts could be seen as positive, but the significant year-over-year sales decline tempers optimism, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100