Flotek Industries: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Flotek Industries Inc. (FTK) on Tuesday reported third-quarter net income of $13.3 million.

On a per-share basis, the Houston-based company said it had net income of 34 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The oilfield services company posted revenue of $114.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $96.4 million.

Flotek Industries expects full-year revenue in the range of $382 million to $390 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTK at https://www.zacks.com/ap/FTK