CARBO® Announces Third Quarter 2018 Results

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Go back to CARBO® Announces Third Quarter 2018 Results

Carbo Ceramics (CRR) Misses Q3 EPS by 24c, Revenues Miss

October 25, 2018 6:38 AM EDT

Carbo Ceramics (NYSE: CRR) reported Q3 EPS of ($0.62), $0.24 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $53.8 million versus the consensus estimate of $67.28 million.

CEO Gary Kolstad commented, "We were pleased with the growth rates of both our industrial and environmental business sectors as a result of our long term growth strategy to diversify our revenue streams. I am confident we have the right strategy, technology and assets to execute our transformation plan. Although our oilfield sector revenue... More