Forum Energy Technologies Reports Preliminary Q3 Revenue Of Approximately $208M (Est $214.5M), Bookings Of $205M
Portfolio Pulse from Benzinga Newsdesk
Forum Energy Technologies reported preliminary Q3 2024 revenue of approximately $208 million, slightly below the estimated $214.5 million. Bookings were $205 million, and results are within previously announced guidance ranges.
October 14, 2024 | 9:59 pm
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Forum Energy Technologies' preliminary Q3 2024 revenue of $208M is slightly below the estimated $214.5M, but within guidance. Bookings are $205M.
The reported revenue is below the market estimate, which could lead to a negative short-term impact on the stock price. However, being within guidance may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100