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14.15
2.69%
0.37
Why is Expro Group Holdings N V (XPRO) Stock down?
We've noticed a 5.27% decline in Expro Group Holdings N V (XPRO) stock during the 2024-10-31 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:
Expro Group Holdings (XPRO) dropped by 17.38% from $20.14 to $16.64 in the trading on Thursday October 26, 2023. The reason why XPRO stock down today is due to its disappointing third-quarter results. Weaker demand in the U.S. Gulf of Mexico and structural challenges for its tubular running services business led to the underwhelming results.
- Revenue for the quarter was $370 million, down 7% sequentially, and the company swung from an $18.9 million profit a quarter ago to a loss of $6.2 million, or $0.13 per share.
- Earning loss was $0.06 per share, but that was still well below the $0.30 per share profit that analysts were expecting.
1.27%
0.52%
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