Archrock Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Closing Price
$8.00
Day's Change
0.07 (0.88%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.13
Day's Low
7.90
Volume
(Heavy Day)
Volume:
1,308,672

10-day average volume:
1,011,290
1,308,672

Corning shares jump 8.7% premarket after earnings beat

7:31 am ET April 26, 2022 (MarketWatch)
Print

Shares of glass maker Corning Inc. (GLW) jumped 8.7% premarket Tuesday, after the company reported better-than-expected first-quarter earnings, boosted by strength in Optical Communications. The company posted net income of $581 million, or 68 cents a share, for the quarter, up from $487 million, or 56 cents a share, in the year-earlier period. Adjusted per-share earnings came to 54 cents, ahead of the 50 cent FactSet consensus. Sales edged up to $3.680 billion from $3.676 billion a year ago, also ahead of the $3.552 billion FactSet consensus. Chief Executive Wendell P. Weeks said earnings were driven by broad-based strength across its business lines, led by 28% sales growth at Optical Communications and continued favorable pricing in Display. "We expect strong top- and bottom-line growth this year, as we advance innovations and remain focused on pricing, capital efficiency, and cash generation," said Weeks. Shares have fallen 8% in the year to date, while the S&P 500 has fallen 10%.

-Ciara Linnane

	

(END) Dow Jones Newswires

April 26, 2022 07:31 ET (11:31 GMT)

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