Core Laboratories NV Earnings: Here’s Why the Stock is Rising Now
Core Laboratories NV (NYSE:CLB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.19%.
Core Laboratories NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.09% to $1.22 in the quarter versus EPS of $1.06 in the year-earlier quarter.
Revenue: Rose 11.41% to $260.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Core Laboratories NV reported adjusted EPS income of $1.22 per share. By that measure, the company beat the mean analyst estimate of $1.16. It beat the average revenue estimate of $247.22 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 2.53% from $254.46 million in the previous quarter. EPS increased 4.27% from $1.17 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 $1.21 to a profit $1.26. For the current year, the average estimate has moved up from a profit of $4.98 to a profit of $5.12 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)