UPDATE: Flotek Industries (FTK) Posts Q4 Profit of $0.07/Sh from Continuing Operations
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Flotek Industries, Inc. Announces 2016 Financial And Operating Results And Conference Call Information
February 8, 2017 4:45 PM ESTHOUSTON, Feb. 8, 2017 /PRNewswire/ --Â Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three- and twelve-months ended December 31, 2016.Â
Results Highlights:
As part of our strategic repositioning, we are executing a plan to divest our Drilling Technologies and Production Technologies segments. Effective December 31, 2016, Flotek has classified the assets, liabilities, and results of operations for these two segments as "Discontinued Operations" for all periods presented.The following discussion points relate to Flotek's continuing operations.
Flotek announced 2016 annual revenue of $262.8... More