Flotek Industries (FTK) Misses Q1 EPS by 17c

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Go back to Flotek Industries (FTK) Misses Q1 EPS by 17c

Flotek Industries, Inc. Announces First Quarter, 2015 Financial And Operating Results And Conference Call Information

April 22, 2015 4:20 PM EDT

HOUSTON, April 22, 2015 /PRNewswire/ -- Flotek Industries, Inc. (NYSE:FTK - News) ("Flotek" or the "Company") today announced results for the three months ended March 31, 2015.

As reported on Form 10-Q filed with the U.S. Securities and Exchange Commission, Flotek reported that revenue for the three months ended March 31, 2015, was $82.4 million compared to $102.6 million for the three months ended March 31, 2014.   Consolidated revenue for the three months ended March 31, 2015, decreased $20.2 million, or 19.7%, relative to the comparable period of 2014. The decrease in revenue was driven by the steep decline in oilfield activity as indicated by the 25.5%... More