Mammoth Energy Services Shares Slump as Q3 Net Loss Widens, Revenue Falls

MT Newswires Live

2024/11/02

Mammoth Energy Services (TUSK) shares fell 12% in recent Friday trading after the company reported a wider Q3 net loss and lower revenue.

The loss in the three months ended Sept. 30 widened to $0.50 per diluted share from the loss of $0.02 a year earlier, the company said Friday.

Revenue fell to $40 million from $65 million a year earlier.

Price: 3.88, Change: -0.52, Percent Change: -11.81

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