Drilling Tools Intl Q1 EPS $0.11 Down From $0.29 YoY, Sales $36.97M Down From $40.80M YoY
Portfolio Pulse from Benzinga Newsdesk
Drilling Tools Intl (NASDAQ:DTI) reported a significant decrease in Q1 earnings and sales YoY, with EPS down 62.07% to $0.11 and sales down 9.38% to $36.97M.
May 09, 2024 | 9:35 pm
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NEGATIVE IMPACT
Drilling Tools Intl reported a significant decrease in Q1 earnings and sales compared to last year, with EPS falling by 62.07% and sales by 9.38%.
The substantial decrease in both earnings per share and sales year-over-year is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100