KLX Energy Services Holdings falls on downbeat Q4 forecasts

KLX Energy Services Holdings

26/02/2024 15:04

(Updates)
    ** Shares of oilfield services firm KLX Energy Services
Holdings  KLXE.O  down ~4.7% at $8.66 
    ** KLXE expects Q4 revenue to range between $193 million and
$195 million, lower than analysts' estimates of $218.1 million -
LSEG
    ** Company also estimates Q4 net loss to be in the range of
$10 mln to $8 mln; it reported a net income of $13.2 mln for Q4
2022
    ** Including session's losses, KLXE down ~23% YTD

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))