Revenue Update on Flotek Industries Inc(NYSE:FTK)

Flotek Industries Inc(NYSE:FTK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $72.32M. Analysts estimated a revenue of $65.00M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.09.

Flotek Industries Inc (FTK) made into the market gainers list on Fridays trading session with the shares advancing 3.20% or 0.44 points. Due to strong positive momentum, the stock ended at $14.2, which is also near the day’s high of $14.28. The stock began the session at $13.65 and the volume stood at 11,39,053 shares. The 52-week high of the shares is $21.72 and the 52 week low is $4.895. The company has a current market capitalization of $766 M and it has 5,39,09,948 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 20, 2016, Carla S. Hardy (director) sold 2,794 shares at $7.85 per share price.Also, On Nov 18, 2015, Robert M. Schmitz (CFO) purchased 12,200 shares at $9.76 per share price.On Nov 4, 2015, John Reiland (director) sold 4,380 shares at $19.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Flotek Industries Inc. is a diversified technology-driven company that develops and supplies oilfield products services and equipment to the oil gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products cosmetics food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies Consumer and Industrial Chemical Technologies Drilling Technologies and Production Technologies. The Company’s customers primarily include major integrated oil and natural gas companies oilfield service companies independent oil and natural gas companies pressure pumping service companies international supply chain management companies national and state-owned oil companies household and commercial cleaning product companies fragrance and cosmetic companies and food manufacturing companies.

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