The Traderszone Network

Published in TZ Latest News 6 September, 2017 by The TZ Newswire Staff

Here’s Why Flotek Industries Sank a Whopping 37.2% in August

Shares of oil and gas chemistry company Flotek Industries (NYSE: FTK) fell over 37% last month after the announcement of disappointing second-quarter 2017 earnings. While revenue grew both sequentially and year over year, the top and bottom lines missed Wall Street expectations. Worse, many other oil-field services companies have turned in steadily improving operations and share prices, which makes the fact that this company cannot seem to capture the rising tide all the more painful for shareholders. 

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