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Select Water Shares Rise As Q4 Earnings Beat Street

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of Select Water Solutions, Inc. (WTTR) are up 11% on Wednesday after the company announced that the fourth-quarter earnings beat the Street estimates.

WTTR is trading on the Nasdaq at $8.78, up 11.78% or $0.93 per share. It has traded between $5.51 and $9.03 in the past 52-week period.

The company reported a net income of $27.6 million or $0.27 per share for the quarter, an increase from last year's profit of $14.3 million or $0.14 per share.

Analysts on average had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters.

Revenue decreased to $374.9 million from $389.3 million the previous year. It missed the consensus estimate of $377.65 million.

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