KLX Inc. Reports Strong Second Quarter 2017 Financial Results

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Go back to KLX Inc. Reports Strong Second Quarter 2017 Financial Results

KLX (KLXI) PT Raised to $55 at Cowen; Buy the Weakness After Strong Results

August 23, 2017 11:54 AM EDT

Cowen analyst Gautam Khanna reiterated an Outperform rating and raised its price target on KLX Inc (NASDAQ: KLXI) to $55.00 (from $52.00) following Q2 results.

Khanna said operating momentum "was evident" in the quarter although expectations were higher.

The firm would use... More

KLX, Inc. (KLXI) Reports In-Line Q2 EPS

August 23, 2017 5:45 AM EDT

KLX, Inc. (NASDAQ: KLXI) reported Q2 EPS of $0.73, in-line with the analyst estimate of $0.73. Revenue for the quarter came in at $430.6 million versus the consensus estimate of $425.22 million.

GUIDANCE:

KLX, Inc. sees FY2017 EPS of ~$3.00, versus the consensus of $3.08.2017 revenues are expected... More