Nine Energy Service: Q3 Earnings Insights

Nine Energy Service NINE reported its Q3 earnings results on Monday, November 7, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Nine Energy Service beat estimated earnings by 1850.0%, reporting an EPS of $0.39 versus an estimate of $0.02.

Revenue was up $74.56 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 6.59% drop in the share price the next day.

Here's a look at Nine Energy Service's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.02	-0.38	-0.55	-0.42
EPS Actual	-0.01	-0.22	-0.52	-0.51
Revenue Estimate	139.10M	114.90M	95.80M	98.60M
Revenue Actual	142.35M	116.94M	105.09M	92.87M

To track all earnings releases for Nine Energy Service visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.