Flotek Industries (FTK) Reports In-Line Q3 EPS

Flotek Industries (NYSE: FTK) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $87.9 million versus the consensus estimate of $92.77 million.

"In arguably the most challenging operating environment in my career, Flotek's ability to post sequential earnings growth and record CnF® chemistry volumes is a testament to the effort of the hardest working women and men in the oilfield technology business," said John Chisholm, Chairman, President and Chief Executive Officer of Flotek.

"Our third quarter results – especially the resilience of our proprietary, patented Complex nano-Fluid® suite of precision, customized completion chemistries – validate our belief that technology – in this case Flotek's advanced completion chemistry – does make a meaningful, positive difference in well performance and economics and has become even more compelling in this challenging environment as companies look for ways to maximize economic return at the nadir of the commodity price cycle."

For earnings history and earnings-related data on Flotek Industries (FTK) click here.

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