Investing.com - Cactus reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cactus announced earnings per share of $0.52 on revenue of $184.48M. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $182.44M.
Cactus shares are down 28% from the beginning of the year and are trading at $55.78 , down-from-52-week-high.
Cactus shares gained 5.05% in intra-day trade following the report.
Cactus follows other major Energy sector earnings this month
Cactus's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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