• About
  • Advertise
  • Contact
  • Categories
  • Archives
    • Around the Market (5)
    • Blog (3)
    • Featured (5)
    • Forex (1)
    • News (26)
    • April 2011 (3)
    • March 2011 (29)
ad
Active Investor
  • Popular
  • Recent
  • Comments
    • 35 High-Quality Vector Characters Downloads
      Feb 20th - 4 Comments
    • Hello world!
      Mar 7th - 1 Comments
    • Sample Page
      Mar 7th - 0 Comments
    • Flotek Announces 2010 Fiscal Results
      Mar 17th - 0 Comments
    • Expedia Shares Rise on News of Split
      Apr 8th - 0 Comments
    • Epicor Software Corporation Shares Climb on Buyout News
      Apr 4th - 0 Comments
    • McCormick and Schmick’s Rise as Buyout Looms
      Apr 4th - 0 Comments
    • Cephalon Shares Jump on Hostile Takeover Bid
      Mar 30th - 0 Comments

    Mar 17th

    Flotek Announces 2010 Fiscal Results

    Flotek Industries, Inc (NYSE:FTK) is showing strong gains this morning with common shares soaring up over 25% and is currently trading at $6.60. As the midday trading hours approach, FTK has already seen 1.7 million shares traded, eclipsing the average daily volume of 1.6 million shares over the last few months.

    This large increase is due in large part to the release of 2010 financial results for Flotek Industries, Inc. FTK reported 2010 revenue increased from $112.6 million in 2009 to $147 million in 2010 or a 30% increase. Revenue increased across the company’s segments due to improved pricing, industry demand, and increased drilling activity.

    One of the main reasons for these increases in revenue is the fact that Flotek has refocused the company’s international marketing efforts. Since the beginning of 2010, Flotek has completed multiple international jobs including jobs in Turkey, Poland, and the Paris Basin.

    About Flotek Industries, Inc.
    The company supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. It operates in three segments: Chemicals and Logistics, Drilling Products, and Artificial Lift.

    There are no responses so far.

    Leave your response:

    Click here to cancel reply.

    Copyright 2008-2022. All Rights Reserved DDStudios.