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NCS Multistage Holdings Inc. (NASDAQ:NCSM) shares plummeted on Friday, extending a sharp downward trend after the company posted disappointing first-quarter financial results.
The Houston-based oilfield services provider reported quarterly losses of 14 cents per share. This performance marks a significant reversal from the earnings of $1.51 per share recorded during the same period last year.
Sales Figures Fall Short
Top-line results failed to meet Wall Street expectations. The company reported quarterly sales of $45.637 million. This figure missed the analyst consensus estimate of $51.215 million. It also …
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