Global Hunter Securities Upgrades CARBO Ceramics Inc. (CRR) to Buy
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Carbo Ceramics (CRR) Reports In-Line Q4 EPS, Gives Outlook
January 31, 2013 8:54 AM ESTCarbo Ceramics, Inc. (NYSE: CRR) reported Q4 EPS of $0.86, in-line with the analyst estimate of $0.86. Revenue for the quarter came in at $153.6 million versus the consensus estimate of $146.76 million.
Outlook
CEO Gary Kolstad commented on the outlook for CARBO stating, "For 2013, we anticipate industry activity will be similar to that in 2012. In North America, we expect liquids-rich drilling activity to remain high, offset by low natural gas drilling activity.
"As stated by other oil service companies, E&P activity spending slowed as the fourth quarter... More
