CARBO® Announces First Quarter 2019 Results
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Carbo Ceramics (CRR) Misses Q1 EPS by 18c
April 25, 2019 6:12 AM EDTCarbo Ceramics (NYSE: CRR) reported Q1 EPS of ($0.73), $0.18 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $47.5 million versus the consensus estimate of $50.12 million.
Outlook
CEO Gary Kolstad commented on the outlook for CARBO stating, "We continue to execute our transformation strategy to diversify our revenue streams to the more profitable oilfield ceramic technology products, and industrial and environmental markets. Developing and commercializing new products for all three of our market sectors supports this diversification effort. Despite E&P operators starting the year cautiously with respect to discretionary... More
