Key Takeaways From Nuverra Environmental Solutions Inc's Earnings
Nuverra Environmental Solutions (NYSE: NES ) plunged 15% this week following the fourth-quarter earnings report. Though the company tends to disappoint investors with missing guidance or reducing numbers going forward, this quarter had the hint of something different. This time it appears that investors had concerns about the potential of higher capital expenditures and the sales price for the Thermo Fluids assets.
The company is an environmental solutions provider to customers in the energy and industrial end-markets.
Read the full article here.
Disclosure: Long NES. Please review the disclaimer page for more details.