CARBO Ceramics (CRR) Tops Q3 EPS by 8c

CARBO Ceramics (NYSE: CRR) reported Q3 EPS of $0.83, $0.08 better than the analyst estimate of $0.75. Revenue for the quarter came in at $155.4 million versus the consensus estimate of $154.31 million.

President and CEO Gary Kolstad commented, "The third quarter marked a period where a combination of events impacted the ceramic proppant market. A growing number of E&P operators are experimenting with the use of raw frac sand. In addition, some of our clients' pad well completions were delayed. These events, along with an oversupplied ceramic proppant market, drove both domestic and international competitors to lower prices."

For earnings history and earnings-related data on CARBO Ceramics (CRR) click here.

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