Expro Group Swings to Q3 Adjusted Profit, Revenue Increases; Updates 2024 Revenue Outlook

MT Newswires Live10-24

Expro Group (XPRO) reported Q3 adjusted earnings Thursday of $0.23 per diluted share, swinging from an adjusted loss of $0.06 a year earlier.

Analysts polled by Capital IQ expected a profit of $0.27.

Revenue for the quarter ended Sept. 30 was $422.8 million, compared with $369.8 million a year earlier.

Four analysts surveyed by Capital IQ expected $334.5 million.

The company said it now expects 2024 revenue to be between $1.72 billion and $1.75 billion, compared with the prior outlook of $1.70 billion to $1.75 billion. Four analysts polled by Capital IQ expect $1.34 billion.

Price: 15.00, Change: -0.35, Percent Change: -2.28

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