Stocks in play: Calfrac Well Services Ltd.
Announces its financial and operating results for the three months ended September 30, 2024. Calfrac achieved revenue of $430.1 million during the third quarter, which was consistent on a sequential basis with the second quarter as growth across multiple service lines in Argentina offset lower utilization in North America. The company also reported a net loss from continuing operations of $6.7 million or $0.08 per share diluted compared to net income of $97.5 million or $1.09 per share diluted during the third quarter in 2023. Calfrac Well Services Ltd. shares T.CFW are trading up $0.06 at $3.98.
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