Why Shares of Select Water Solutions Are Flying Higher Today
The S 500 and Dow Jones Industrial Average are both in the red today, but shares of Select Water Solutions (NYSE: WTTR) are swimming in the other direction. The water services company reported fourth-quarter financial results yesterday after the market closed, and investors are expressing their approval today, sending the stock considerably higher.
Ad of 11:46 a.m. ET on Wednesday, shares of Select Water Solutions were up 11.9%, retreating slightly from their earlier rise of 15.3%.
Reporting fourth-quarter 2023 diluted earnings per share (EPS) of $0.27, Select Water Solutions crushed analysts' expectations of $0.15. But this surprising performance on the bottom line last quarter was just a drop in the bucket.
Source Fool.com
