Flotek Industries Inc (FTK) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Flotek Industries Inc (FTK) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.06. The company posted revenue of $72.20 million in the period, compared to analysts expectations of $67.78 million. The company’s revenue was down -12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Flotek Industries Inc closed down -0.09 points or -0.95% at $9.36 with 11,95,099 shares getting traded on Monday. Post opening the session at $9.52, the shares hit an intraday low of $9.085 and an intraday high of $9.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jan 20, 2016, Carla S. Hardy (director) sold 2,794 shares at $7.85 per share price. According to the SEC, on Nov 18, 2015, Robert M. Schmitz (CFO) purchased 12,200 shares at $9.76 per share price. On Nov 4, 2015, John Reiland (director) sold 4,380 shares at $19.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Flotek Industries Inc. is a diversified technology-driven company that develops and supplies oilfield products services and equipment to the oil gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products cosmetics food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies Consumer and Industrial Chemical Technologies Drilling Technologies and Production Technologies. The Company’s customers primarily include major integrated oil and natural gas companies oilfield service companies independent oil and natural gas companies pressure pumping service companies international supply chain management companies national and state-owned oil companies household and commercial cleaning product companies fragrance and cosmetic companies and food manufacturing companies.

Flotek Industries Inc

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