CARBO® Announces Fourth Quarter and Fiscal Year 2017 Results
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Carbo Ceramics (CRR) Tops Q4 EPS by 5c, Offers Outlook
January 25, 2018 6:37 AM ESTCarbo Ceramics (NYSE: CRR) reported Q4 EPS of ($0.65), $0.05 better than the analyst estimate of ($0.70). Revenue for the quarter came in at $60.3 million versus the consensus estimate of $56.82 million.
Outlook
CEO Gary Kolstad commented on the outlook for CARBO stating, "A key goal in 2018 is continued progress on our transformation strategy to diversify revenue streams. It is our belief that execution on this transformation strategy will result in profitable growth and positive cash from operating activities. Although seasonality will impact the first half of 2018, we believe our revenue and operating cash will show... More
