Tetra Technologies Q2 2024 Adj. EPS $0.07 Misses $0.10 Estimate, Sales $171.935M Miss $181.484M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tetra Technologies (NYSE:TTI) reported Q2 2024 adjusted EPS of $0.07, missing the $0.10 estimate by 30%. Sales were $171.935M, missing the $181.484M estimate by 5.26%. Both EPS and sales decreased compared to the same period last year.
July 31, 2024 | 9:42 pm
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Tetra Technologies reported Q2 2024 adjusted EPS of $0.07, missing the $0.10 estimate by 30%. Sales were $171.935M, missing the $181.484M estimate by 5.26%. Both EPS and sales decreased compared to the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decrease in both metrics, is likely to negatively impact TTI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100