Shares of Flotek Industries Crater After Earnings Report [The Motley Fool]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
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Source: The Motley Fool
Increased revenue couldn't offset higher costs for Flotek in Q2. Tyler Crowe ( TMFDirtyBird ) Aug 2, 2017 at 12:49PM What happened Shares of Flotek Industries ( NYSE:FTK ) are cratering today, down a whopping 36% as of 12:38 p.m. EDT, after the company reported earnings that missed expectations. So what The chemicals specialist reported revenue of $85.2 million and a per-share loss of $0.07 in the second quarter. If we strip out losses for its discontinued operations, then Flotek's loss would have been $0.02 per share. Wall Street analysts were expecting $88.9 million in revenue and net income of $0.04 per share. Image source: Getty Images. Even though Flotek did see higher revenue in the quarter, those gains were more than offset by higher costs, especially in its consumer and industrial technologies business. Also, considering the in
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News
- Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference CallPR Newswire
- Flotek Industries Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (NYSE: FTK) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
- Commodity Roundup: Drone strikes on Russian refineries keep oil supported; gold down [Seeking Alpha]Seeking Alpha
- Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit [Yahoo! Finance]Yahoo! Finance
FTK
Analyst Actions
- 3/14/24 - TheStreet
FTK
Sec Filings
- 3/28/24 - Form 11-K
- 3/15/24 - Form 10-K
- 3/12/24 - Form 4
- FTK's page on the SEC website