Expro Group Holdings N.V. (NYSE: XPRO) shares plummeted 7.48% in pre-market trading on Thursday following the release of its third-quarter earnings report. The well construction and production services provider faced investor disappointment as it missed revenue expectations and lowered its full-year guidance.

For the third quarter, Expro reported revenue of $411.356 million, falling short of the analyst consensus estimate of $422.165 million by 2.56%. This represents a 2.71% decrease compared to the same period last year when the company posted sales of $422.828 million. Despite the revenue miss, Expro's quarterly earnings of $0.24 per share met analyst expectations and showed a 4.35% increase from $0.23 per share in the previous year.

In light of the challenging market conditions, Expro revised its full-year 2025 revenue guidance downward to a range of $1.6 billion to $1.65 billion, from the previous guidance of $1.7 billion. This adjustment has likely contributed to the negative market reaction. However, it's worth noting that the company increased its full-year guidance for Adjusted EBITDA to $350 million - $360 million and Adjusted Free Cash Flow to $110 million - $120 million, highlighting some positive aspects of its financial performance. Despite these mixed signals, investors seem to be focusing on the revenue shortfall and reduced guidance, leading to the significant stock price decline.