Core Laboratories (CLB) Lowers Q4 EPS Guidance, Q1 Guidance Misses, Cuts Dividend
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Core Lab Announces:
December 30, 2019 5:31 PM ESTAMSTERDAM, Dec. 30, 2019 /PRNewswire/ --Â Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") is announcing revised guidance from continuing operations for the fourth quarter of 2019, initial first quarter 2020 guidance and a reduction of its future quarterly dividend.
Updated Fourth Quarter 2019 Guidance
The decline in U.S. onshore activity has proven to be more pronounced than originally forecast in Core Lab's third quarter earnings release on 23 October 2019. The U.S. rig count quarter-to-date is down approximately 11%, with U.S. completion activity tracking downward over 20%, primarily affecting Core's... More
