ProFrac Holding Q2 Sales $579.400M Miss $639.132M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProFrac Holding (NASDAQ:ACDC) reported Q2 sales of $579.4 million, missing the analyst consensus estimate of $639.132 million by 9.35%. This represents an 18.3% decrease from the same period last year.
August 08, 2024 | 9:02 am
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ProFrac Holding (NASDAQ:ACDC) reported Q2 sales of $579.4 million, missing the analyst consensus estimate of $639.132 million by 9.35%. This represents an 18.3% decrease from the same period last year.
The significant miss on sales estimates and the year-over-year decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100