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Shares of CSI Compressco (NASDAQ:CCLP) fell 5.8% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share were up 38.46% over the past year to ($0.16), which beat the estimate of ($0.18).
Revenue of $90,279,000 lower by 12.72% from the same period last year, which missed the estimate of $93,120,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
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Date: May 05, 2020
Time: 02:04 PM ET
Webcast URL: https://www.webcaster4.com/Webcast/Page/1158/32867
Technicals
Company's 52-week high was at $3.98
Company's 52-week low was at $0.35
Price action over last quarter: down 72.60%
Company Profile
CSI Compressco LP is a limited partnership operating in the US. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.