Select Water Solutions Q2 2024 GAAP EPS $0.13 Beats $0.11 Estimate, Sales $365.131M Miss $371.476M Estimate
Portfolio Pulse from Benzinga Newsdesk
Select Water Solutions (NYSE:WTTR) reported Q2 2024 GAAP EPS of $0.13, beating the estimate of $0.11. However, sales of $365.131M missed the $371.476M estimate and were down 9.76% year-over-year.
July 30, 2024 | 8:34 pm
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Select Water Solutions reported Q2 2024 GAAP EPS of $0.13, beating the estimate of $0.11 by 18.18%. However, sales of $365.131M missed the $371.476M estimate and were down 9.76% year-over-year.
The earnings beat is a positive sign, but the sales miss and year-over-year decline in revenue are concerning. This mixed result may lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100