Tetra Technologies Q3 2024 Adj. EPS $0.03 Misses $0.04 Estimate, Sales $141.700M Miss $148.420M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tetra Technologies reported Q3 2024 earnings per share of $0.03, missing the analyst estimate of $0.04. Sales were $141.7 million, below the expected $148.42 million and down 6.45% from the previous year.
October 29, 2024 | 9:01 pm
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NEGATIVE IMPACT
Tetra Technologies' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.03 and sales at $141.7 million, indicating potential short-term negative impact on stock price.
The earnings per share and sales figures both missed analyst expectations, which typically results in a negative reaction from investors. The 6.45% decrease in sales compared to the previous year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100