Core Laboratories (CLB) Reports In-Line Q4 EPS
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Core Lab Reports Fourth Quarter 2016 Results:
January 25, 2017 4:15 PM ESTAMSTERDAM, Jan, 25, 2017 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported fourth quarter 2016 revenue of $149,500,000, up over 4% sequentially from the third quarter 2016, with earnings per diluted share ("EPS") of $0.35 in accordance with U.S. generally accepted accounting principles ("GAAP"). Excluding foreign currency translations ("ex-fx") and a higher than guided tax rate (collectively with ex-fx, "ex-items"), EPS was $0.41, up 8% sequentially from the prior quarter. Net income for the fourth quarter 2016 increased to $18,300,000; and operating income increased to $21,900,000, up sequentially 9% and 2%, respectively, ex-items, with operating... More
