Tetra Technologies Q1 2024 Adj EPS $0.05 Beats $0.03 Estimate, Sales $150.972M Miss $153.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tetra Technologies (NYSE:TTI) reported Q1 2024 adjusted EPS of $0.05, surpassing the $0.03 estimate, marking a 66.67% increase from last year. However, sales of $150.972M fell short of the $153.646M estimate, a 1.74% miss, though they represent a 3.26% increase from the previous year.
April 30, 2024 | 9:04 pm
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Tetra Technologies reported a Q1 2024 adjusted EPS of $0.05, beating estimates, with a 66.67% increase from last year. Sales were $150.972M, missing estimates by 1.74%, but showing a 3.26% year-over-year growth.
The positive earnings surprise, with a significant beat on the EPS estimate, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in TTI's stock price. However, the slight miss on sales estimates could temper some of the positive momentum, but the year-over-year sales growth indicates underlying strength in the business. The overall impact is assessed as positive due to the earnings beat.
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IMPORTANCE 90
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