Tetra Technologies Inc. (TTI) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $4.05 million, or $0.03 per share. This compares with $0.92 million, or $0.01 per share, last year.
Excluding items, Tetra Technologies Inc. reported adjusted earnings of $14.34 million or $0.11 per share for the period.
Analysts on average had expected the company to earn $0.08 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.1% to $157.14 million from $150.97 million last year.
Tetra Technologies Inc. earnings at a glance (GAAP) :
-Earnings: $4.05 Mln. vs. $0.92 Mln. last year.
-EPS: $0.03 vs. $0.01 last year.
-Revenue: $157.14 Mln vs. $150.97 Mln last year.
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