Nuverra Environmental Solutions (NES), which disposes of shale drilling waste, is trading higher on Friday as a result of strong earnings announced late Thursday.
The company reported earnings per share of $0.46 for the quarter, beating the consensus estimate of $0.45 by $0.01.
The company’s reported revenue of $128 million was down 19.7% from the same period a year previous. But this is higher than the consensus estimate of $116.93 million.
The company’s stock is trading up $1.62 at $16.94 near midday Friday, a gain of 10.6% on the day.
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