Core Laboratories Earnings: Everything You Must Know Now

Core Laboratories NV (NYSE:CLB) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Core Laboratories NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.79% to $1.32 in the quarter versus EPS of $1.16 in the year-earlier quarter.

Revenue: Rose 6.53% to $263.14 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Core Laboratories NV reported adjusted EPS income of $1.32 per share. By that measure, the company met the mean analyst estimate of $1.32. It missed the average revenue estimate of $267.18 million.

Key Stats (on next page)…

Revenue increased 0.85% from $260.93 million in the previous quarter. EPS increased 8.2% from $1.22 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.33 to a profit $1.34. For the current year, the average estimate has moved up from a profit of $5.16 to a profit of $5.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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