TETRA Technologies Inc. (NYSE:TTI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
TETRA Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Rose 15.38% to $208.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TETRA Technologies Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $223.5 million.
Quoting Management: Stuart M. Brightman, TETRA’s President and Chief Executive Officer, stated, “First quarter 2013 adjusted earnings of $0.06 per share, which exclude the results of our Maritech segment, were below the bottom end of our adjusted earnings guidance range for the quarter. The primary contributor to this shortfall was lower than anticipated onshore U.S. and Canadian activity for our Production Testing segment.”
Key Stats (on next page)…