Solaris Oilfield Infra Q1 2024 Adj EPS $0.16 Beats $0.14 Estimate, Sales $67.890M Beat $62.450M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solaris Oilfield Infra (NYSE:SOI) reported Q1 2024 adjusted EPS of $0.16, surpassing the $0.14 estimate, with sales of $67.890M exceeding the $62.450M forecast. This represents a 33.33% decrease in earnings and a 17.93% decrease in sales from the same period last year.
April 25, 2024 | 8:58 pm
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Solaris Oilfield Infra reported a Q1 2024 adjusted EPS of $0.16, beating estimates, and sales of $67.890M, also above expectations. However, both earnings and sales have decreased compared to last year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the reported year-over-year declines in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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