Core Laboratories Reports Lower-than-Expected Q4 Earnings
Houston, TX - Core Laboratories Inc. (CLB) announced its fourth-quarter financial results on Wednesday, missing analysts' expectations.
Q4 Highlights:
* Net income: $7.4 million
* Earnings per share (EPS): $0.15
* Adjusted EPS: $0.22
* Revenue: $129.2 million
The adjusted EPS fell short of the consensus forecast of $0.23 per share, as reported by Zacks Investment Research.
Full-Year Results:
* Profit: $31.4 million
* EPS: $0.66
* Revenue: $523.8 million
Core Laboratories provides energy services and its revenue declined slightly in the fourth quarter compared to the previous year. Despite the earnings miss, the company remained profitable for the full year.