Enerflex Shares Drop After Q2 Earnings, Revenue Fall

MT Newswires Live

Aug 06

Enerflex (EFXT) shares fell 3.6% in early Thursday trading after the company reported lower Q2 earnings and revenue.

The company reported earnings of $0.25 per share, down from $0.49 a year earlier.

Analysts surveyed by FactSet expected $0.31.

Revenue for the quarter ended June 30 was $582 million, down from $615 million a year earlier.

Analysts expected $606.8 million.

The company declared a quarterly dividend of 0.0425 Canadian dollars ($0.03) per share, payable Sept. 2 to shareholders of record as of Aug. 19.

Price: 21.20, Change: -0.75, Percent Change: -3.44

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