Core Labs (CLB) Q2 Earnings In Line, Sales Miss Estimates
Zacks Investment Research | Jul 28, 2019 10:22PM ET
Core Laboratories N.V. (NYSE:CLB) recently unveiled second-quarter 2019 results, wherein adjusted earnings of 46 cents a share were in line with the Zacks Consensus Estimate. However, the bottom line, which was lower than the company’s guided range of 47-50 cents, declined from the year-ago profit of 59 cents a share. Soft contribution from the Product Enhancement segment impacted the results.
The oilfield service provider reported adjusted revenues of $169 million, lagging the consensus estimate of $174 million. The top line was also lower than the company’s guided range of $172-$175 million, owing to the divestment of a non-strategic business in Asia-Pacific.
Core Laboratories N.V. Price, Consensus and EPS Surprise
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