Core Laboratories (CLB) Tops Q4 EPS by 3c, Revenues Beat
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Go back to Core Laboratories (CLB) Tops Q4 EPS by 3c, Revenues Beat
January 27, 2021 5:00 PM EST
AMSTERDAM, Jan. 27, 2021 /PRNewswire/ --  Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported that continuing operations resulted in fourth quarter 2020 revenue of $113,700,000. Core's operating income was $23,400,000, with earnings per diluted share ("EPS") of $0.31, all in accordance with U.S. generally accepted accounting principles ("GAAP"). The financial results for the fourth quarter of 2020 include a non-cash adjustment of $11.9 million to reverse previously recognized stock compensation expense associated with performance share awards that did not fully vest and were revalued. Operating income, ex-items, a non-GAAP financial measure, was $13,000,000, yielding... More
