ChampionX (CHX) Misses Q2 Earnings and Revenue Estimates

This quarterly report represents an earnings surprise of -17.78%. A quarter ago, it was expected that this oil and gas drilling technology company would post earnings of $0.40 per share when it actually produced earnings of $0.50, delivering a surprise of 25%. ChampionX, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $893.27 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 6.43%. This compares to year-ago revenues of $926.6 million. The ...