Flotek Industries Q2 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $46.152M Beat $46.072M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries (NYSE:FTK) reported Q2 2024 earnings per share (EPS) of $0.06, surpassing the analyst estimate of $0.04. This marks a significant improvement from a loss of $(0.12) per share in the same period last year. Quarterly sales were $46.152 million, slightly above the $46.072 million estimate, but down 8.78% from $50.594 million last year.
August 06, 2024 | 8:48 pm
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Flotek Industries reported Q2 2024 EPS of $0.06, beating the $0.04 estimate and showing a significant improvement from last year's loss. Sales were slightly above estimates but down from last year.
The significant improvement in EPS and the slight beat in sales estimates are positive indicators for the stock. However, the year-over-year decline in sales may temper some of the enthusiasm.
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