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DXP Enterprises, Inc. (DXPE) Reports Record Second Quarter Earnings that Beat Estimates

Posted, by QualityStocks.net on July 30th, 2008

DXP Enterprises, Inc. (DXPE), an industrial products distributor servicing primarily the oil and gas and food and beverage industries, announced second quarter results this afternoon that topped analysts’ estimates while setting quarterly records on both the top and bottom lines. Revenues surged 120% year over year to $187.8 million vs. consensus of $172.9 million. Net income rose 86.5% to $6.37 million, or 93 cents per share, compared to analysts’ estimates of 86 cents per share.

Authored by, QualityStocks.net
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