Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Newpark Resources Inc Stock Jumped Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of energy industry supplier Newpark Resources Inc (NYSE: NR  ) jumped 15% today after reporting second-quarter results.

So what: Revenue rose 12% in the quarter to $272.5 million, and income from continuing operations nearly doubled to $20.3 million, or $0.21 per share. Analysts had only projected $0.14 per share in earnings, so the company is clearly performing better than investors anticipated.  

Now what: The fluids business was the highlight, growing revenue 20% sequentially in gains around the world. Mats and Integrated Services were less impressive, with revenue down slightly sequentially, but as a whole, the company is performing well. With demand for drilling materials and services trending higher, I think Newpark has a lot of growth potential for investors.

Risk-free for 30 days: The Motley Fool's flagship service
Tom and David Gardner founded The Motley Fool over 20 years ago with the goal of helping the world invest... better. Their flagship service, Stock Advisor, has helped thousands of investors take control of their financial lives and beat the market. Click here to sign up today.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3044999, ~/Articles/ArticleHandler.aspx, 9/2/2015 1:28:25 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

Today's Market

updated Moments ago Sponsored by:
DOW 16,262.15 203.80 1.27%
S&P 500 1,933.71 19.86 1.04%
NASD 4,699.59 63.49 1.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/2/2015 1:12 PM
NR $6.67 Down -0.19 -2.81%
Newpark Resources,… CAPS Rating: ****