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Core Laboratories: 2Q Earnings Snapshot

July 24, 2019

AMSTERDAM (AP) _ Core Laboratories NV (CLB) on Wednesday reported second-quarter earnings of $27.4 million.

On a per-share basis, the Amsterdam-based company said it had profit of 61 cents. Earnings, adjusted to account for discontinued operations, came to 46 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.

The energy services company posted revenue of $169 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $173.6 million.

For the current quarter ending in October, Core Laboratories said it expects revenue in the range of $171 million to $175 million.

Core Laboratories shares have fallen 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $54.88, a decrease of 51% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLB at https://www.zacks.com/ap/CLB

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