Nine Energy Service Q2 GAAP EPS $(0.40) Misses $(0.37) Estimate, Sales $132.40M Miss $134.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service (NYSE:NINE) reported Q2 GAAP EPS of $(0.40), missing the $(0.37) estimate, and sales of $132.40M, missing the $134.00M estimate. This represents a significant decline in both earnings and sales compared to the same period last year.
August 05, 2024 | 9:19 pm
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NEGATIVE IMPACT
Nine Energy Service reported Q2 GAAP EPS of $(0.40), missing the $(0.37) estimate, and sales of $132.40M, missing the $134.00M estimate. This represents a significant decline in both earnings and sales compared to the same period last year.
The company's earnings and sales both missed analyst estimates, and the year-over-year declines are substantial. This negative performance is likely to impact the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100