Newpark Resources Reports Third Quarter 2020 Results
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Newpark Resources (NR) Misses Q3 EPS by 9c, Revenues Miss
November 3, 2020 4:18 PM ESTNewpark Resources (NYSE: NR) reported Q3 EPS of ($0.26), $0.09 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $96.42 million versus the consensus estimate of $101.55 million.
Paul Howes, Newpark's President and Chief Executive Officer, stated, "I remain extremely proud of the performance of our entire organization, as we've navigated through the combination of the oil & gas industry dislocation, as well as the prolonged COVID-related headwinds. Adding to these market headwinds, the third quarter was also impacted by the most active hurricane year in the last decade, which caused repeated work... More
