Solaris Oilfield Infra Q2 2024 Adj. EPS $0.13 Beats $0.12 Estimate, Sales $73.886M Beat $65.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solaris Oilfield Infrastructure (NYSE: SOI) reported Q2 2024 adjusted EPS of $0.13, beating the $0.12 estimate. Sales were $73.886M, surpassing the $65.650M estimate. However, both EPS and sales decreased compared to the same period last year.
August 08, 2024 | 10:13 pm
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Solaris Oilfield Infrastructure (NYSE: SOI) reported Q2 2024 adjusted EPS of $0.13, beating the $0.12 estimate. Sales were $73.886M, surpassing the $65.650M estimate. However, both EPS and sales decreased compared to the same period last year.
The company beat both EPS and sales estimates, which is positive news and likely to boost the stock price in the short term. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100