Newpark Resources Q2 2024 Adj. EPS $0.12 Beats $0.08 Estimate, Sales $179.009M Beat $169.328M Estimate
Portfolio Pulse from Benzinga Newsdesk
Newpark Resources (NYSE:NR) reported Q2 2024 adjusted EPS of $0.12, beating the $0.08 estimate by 50%. Sales were $179.009M, surpassing the $169.328M estimate by 5.72%, despite a 2.32% decrease from the same period last year.
August 05, 2024 | 8:41 pm
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Newpark Resources reported Q2 2024 adjusted EPS of $0.12, beating the $0.08 estimate by 50%. Sales were $179.009M, surpassing the $169.328M estimate by 5.72%, despite a 2.32% decrease from the same period last year.
The significant beat on both EPS and sales estimates is likely to positively impact the stock price in the short term. However, the slight year-over-year decrease in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100