Dril-Quip Earnings: Here’s Why Investors are Not Happy Now
Dril-Quip, Inc. (NYSE:DRQ) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down .082%.
Dril-Quip, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.56% to $0.76 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 9.82% to $188.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dril-Quip, Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.74. It missed the average revenue estimate of $189.14 million.
Quoting Management: There was no comment from the management
Key Stats (on next page)…