Flotek (FTK) is down 10% after announcing in-line guidance for full-year 2011. Gross margins...

|About: Flotek Industries, Inc. (FTK)|By:, SA News Editor

Flotek (FTK) is down 10% after announcing in-line guidance for full-year 2011. Gross margins expanded to 42% from 37% in 2010. Operating income as a percentage of revenue for Q4 is expected to exceed 20%. Flotek decreased its debt by 50% in 2011. Might be a good buying opportunity on the dip; Flotek will be presenting today at Independent Petroleum Association of America Florida Oil & Gas Symposium. (submitted by Michael Filloon)