CARBO® Announces First Quarter 2017 Results
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Carbo Ceramics (CRR) Misses Q1 EPS by 17c, Offers Outlook
April 27, 2017 6:38 AM EDTCarbo Ceramics (NYSE: CRR) reported Q1 EPS of ($1.22), $0.17 worse than the analyst estimate of ($1.05). Revenue for the quarter came in at $34.7 million versus the consensus estimate of $32.19 million.
Outlook
CEO Gary Kolstad commented on the outlook for CARBO stating, "We have set out a strategy for both revenue growth and profitability improvement. Our people are excited about our growth opportunities and are executing on them. We expect to see continued expansion of our technology products, industrial ceramic media, frac sand, and environmental businesses. Given the first quarter revenue and our outlook for... More
