Drilling Tools Intl Q2 2024 Adj. EPS $0.10 Misses $0.11 Estimate, Sales $37.533M Miss $42.385M Estimate
Portfolio Pulse from Benzinga Newsdesk
Drilling Tools Intl (NASDAQ:DTI) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.11. The company also reported sales of $37.533 million, falling short of the $42.385 million estimate and showing a slight decrease from last year's $37.908 million.
August 06, 2024 | 10:04 am
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Drilling Tools Intl (NASDAQ:DTI) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.11. The company also reported sales of $37.533 million, falling short of the $42.385 million estimate and showing a slight decrease from last year's $37.908 million.
The earnings and sales miss are likely to negatively impact investor sentiment in the short term. Missing both EPS and revenue estimates typically results in a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100