Cactus Inc. (WHD) reported a decrease in earnings for the second quarter, missing Street estimates. Earnings were $49.05 million or $0.59 per share, down from $63.06 million or $0.75 per share last year. Adjusted earnings were $53.25 million or $0.66 per share. Analysts expected $0.72 per share. Revenue fell 5.8% to $273.58 million from $290.39 million last year. GAAP earnings: $49.05 million, EPS: $0.59, Revenue: $273.58 million.

Read more at Nasdaq: Cactus Inc. Q2 Profit Decreases, Misses Estimates