Core Laboratories (CLB) Misses Q3 EPS by 4c, Guidance Comes in Light
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Core Lab Reports Q3 2016 Results:
October 19, 2016 4:12 PM EDTAMSTERDAM, Oct. 19, 2016 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported third quarter 2016 revenue of $143,500,000, down 3% sequentially from the second quarter 2016, with earnings per diluted share ("EPS") of $0.38, in accordance with U.S. generally accepted accounting principles ("GAAP"), flat from the second quarter 2016. Third quarter 2016 net income ("NI") was $16,700,000; operating income was $21,500,000; and operating margins were 15%, all of which were up from the second quarter of 2016 as Core's cost reduction, multi-skilling, and lab automation programs continue to produce positive financial results for the... More
