Nine Energy Service Q1 2024 GAAP EPS $(0.24), Sales $142.120M Beat $141.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service (NYSE:NINE) reported Q1 2024 GAAP EPS of $(0.24) and sales of $142.120M, slightly beating the $141.900M estimate but marking a 13.03% decrease from the previous year.
May 06, 2024 | 9:10 pm
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NEGATIVE IMPACT
Nine Energy Service reported a Q1 2024 GAAP EPS of $(0.24) with sales of $142.120M, slightly above estimates but with a significant year-over-year decrease.
Despite beating sales estimates, the reported loss per share and a significant decrease in sales compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100