Recap: Northern Technologies Q2 Earnings

Shares of Northern Technologies NTIC rose over 4% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 93.33% year over year to $0.02, which missed the estimate of $0.10.

Revenue of $13,234,000 lower by 0.61% year over year, which beat the estimate of $13,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Northern Technologies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Apr 07, 2020

Time: 08:05 AM ET

Webcast URL: https://edge.media-server.com/mmc/p/dekv5hqp

Technicals

52-week high: $27.55

Company's 52-week low was at $4.70

Price action over last quarter: down 52.88%

Company Overview

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services worldwide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST and Nature-Tec. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Natur-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...