Why Oil States International, Inc.'s Stock Is Surging Today

Shares of Oil States International, Inc. (NYSE: OIS) rallied on Thursday, rising more than 14% by 2:45 p.m. EDT, after the company reported better-than-expected first-quarter results.Oil States International recorded $253.6 million in revenue during the quarter, which was 67.4% higher year over year and beat analysts' expectations by $28.4 million. Further, while the company posted a net loss of $0.8 million, or $0.01 per share, that was $0.14 per share better than the consensus estimate and a significant improvement from the year-ago adjusted loss of $0.35 per share.

More Business News

Ability Housing closer to construction on Southwest Jax affordable units
BizJournals, Tuesday - 04/30/2024 - 01:00 AM
This affordable housing nonprofit received OK from city on construction.
More | Talk | Read It Later | Share
Million-dollar guard shack in the works at Boeing's Cecil location
BizJournals, Tuesday - 04/30/2024 - 01:00 AM
The project will be a one-story vehicle inspection station with a canopy cover and a pre-manufactured guard booth, records show.
More | Talk | Read It Later | Share
Rio Bank’s new location caters to local businesses in Alamo Heights
BizJournals, Tuesday - 04/30/2024 - 01:00 AM
Rio Bank, a Rio Grande Valley financial institution, is solidifying its commitment to its CEO’s hometown with the grand opening of a new branch in Alamo Heights. This milestone marks a significant return to the bank's roots, having begun its journey in 1985 as a retail-focused bank serving local consumers in McAllen, Texas. Under the leadership of CEO Ford Sasser, who hails from Alamo Heights, Rio Bank has undergone a strategic shift.
More | Talk | Read It Later | Share
Missouri House ethics panel drops probe of Dean Plocher after blocking push to release evidence
BizJournals, Tuesday - 04/30/2024 - 12:28 AM
An investigation into accusations of misconduct by Missouri House Speaker Dean Plocher was dismissed Monday at the end of a tense hearing where members of the ethics committee blocked the chair from reading an email about how Plocher’s office had allegedly intimidated possible witnesses. The email, obtained by The Independent through an open records request, was from Lori Hughes, director of administration for the Missouri House.
More | Talk | Read It Later | Share
Kansas lawmakers make final play in hopes of pulling Chiefs, Royals across state line
BizJournals, Tuesday - 04/30/2024 - 12:21 AM
Currently, STAR bonds can cover up to 50% of the financing for a proposed project. If approved, the new language would allow for 100% of the project to be financed over 30 years.
More | Talk | Read It Later | Share
Gov. Jared Polis, lawmakers unveil new oil and gas fee in climate deal aimed at defusing ballot war
Denver Post, Monday - 04/29/2024 - 09:36 PM
Leading Colorado Democrats and the state’s oil and gas industry announced a preemptive armistice Monday — one that seeks to defuse the latest round of dueling ballot initiatives and legislation aimed at the industry and its environmental impacts. The proposals, described to reporters by Gov. Jared Polis and legislative leadership, include imposing a new per-barrel production fee on the industry and enacting new environmental standards.
More | Talk | Read It Later | Share

Why Oil States International, Inc.'s Stock Is Surging Today

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News