Flotek Industries Q4 2023 GAAP EPS $0.07 Misses $0.08 Estimate, Sales $42.188M Miss $47.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries (NYSE:FTK) reported Q4 2023 earnings of $0.07 per share, missing the consensus estimate of $0.08. Quarterly sales were $42.188M, below the $47.250M estimate, marking a 12.50% decrease from the previous year.

March 12, 2024 | 8:07 pm
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NEGATIVE IMPACT
Flotek Industries reported lower than expected Q4 2023 earnings and sales, missing both EPS and revenue estimates.
Missing both earnings per share and revenue estimates typically leads to negative investor sentiment in the short term. The reported decrease in sales compared to the same period last year further compounds the potential negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100