Flotek Industries (FTK) Misses Q3 EPS by 8c
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Flotek Industries, Inc. Announces Third Quarter 2017 Results
November 8, 2017 7:30 AM ESTHOUSTON, Nov. 8, 2017 /PRNewswire/ --Â Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three-months ended September 30, 2017.Â
Highlights
Earnings per share (EPS) of ($0.06) for 3Q17, compared to ($0.03) in the same period last year. Quarterly revenue declined 6.7% sequentially to $79.5 million and increased 23.5% year-over-year. Net loss from continuing operations of $3.4 million for 3Q17, compared to $1.9 million in the same period last year. Adjusted EBITDA, a non-GAAP measure, was $3.3 million. Quarterly cash flow from operations was $8.4 million and free... More