This Catalyst Sent Shares of TETRA Technologies, Inc. Soaring Today
TETRA Technologies, Inc.'s (NYSE: TTI) stock jumped on Thursday and was up more than 15% at 3 p.m. EST. The catalyst fueling the rally was the company's better-than-expected third-quarter results.
TETRA Technologies reported that its revenue in the third-quarter jumped 23% versus the year-ago period to $216 million, which was also 4% better than last quarter. Meanwhile, the company posted adjusted earnings of $0.04 per share for the third quarter, which was $0.04 per share ahead of expectations. The profit marked quite a turnaround for a company that reported adjusted losses of $0.04 and $0.05 per share in the second quarter and in last year's third quarter, respectively.
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Source: Fool.com
Tetra Techs Stock
€3.76
-1.060%
Currently there is a rather positive sentiment for Tetra Techs with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 7 € shows a very positive potential of 86.17% compared to the current price of 3.76 € for Tetra Techs.
