10:56 AM EDT, 05/09/2024 (MT Newswires) -- ProFrac Holding ( ACDC ) shares were up 15.5% in recent Thursday trading after the company posted Q1 results.

The company reported a Q1 net income of $3 million, down from $59.8 million a year earlier.

Analysts polled by Capital IQ expected $7 million.

Revenue for the quarter ended March 31 was $581.5 million, down from $857.5 million a year earlier.

Analysts polled by Capital IQ expected $583 million.

Price: 8.19, Change: +1.10, Percent Change: +15.51