MRC Global reported better-than-expected Q2 EPS of $0.31, while Q2 revenue decreased 4.5% YoY to $832M.

Oil and gas company MRC Global reported better-than-expected Q2 EPS of $0.31, up from the consensus estimate of $0.24, but its Q2 revenue decreased by 4.5% YoY to $832M. Shares dropped by $0.10 to $11.98. Insider trading saw 90,698 shares sold in the past 90 days, totaling $1.24M. MRC Global distributes pipes, valves, fittings, and other infrastructure products and services in the US, Canada, and internationally.

August 10, 2024
3 Articles