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Tuesday, November 09, 2010 11:48:22 AM
They will get their traction back 1st quarter, now is the time to add. Thanks for the chart :)
In the report, Jefferies writes "Newpark reported 3Q EPS of $0.09 versus our $0.12 estimate and the Consensus estimate of $0.11. Evolution drilling fluid share deterioration in the mainstay Haynesville Shale and a lack of sales into new geographies weighed heavily on results and on the shares Friday. Revenues Light - NR reported total revenues of $179.3 million, 1.9% below our model and off 1.1% from the previous quarter. The main Fluid Systems and Engineering segment posted $148.1 million in sales, 5% below our forecast and down almost 2% sequentially as business waned in the key Haynesville shale market."
This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so do your own due diligence before and consult a licensed professional making any decisions.
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