Core Labs (CLB) Q3 Earnings Surpass Estimates, Sales Meet

Published on 28 Oct 2022 on Zacks via Yahoo Finance

Core Labs (CLB) Q3 Earnings Surpass Estimates, Sales Meet

Core Laboratories CLB reported third-quarter 2022 results, wherein adjusted earnings of 18 cents a share beat the Zacks Consensus Estimate of 9 cents. This could be attributed to the Reservoir Description segment performing better than expected.

Moreover, earnings in the reported quarter were in line with the year-ago quarter’s earnings. This oilfield service provider’s adjusted revenues of $126 million met the Zacks Consensus Estimate. The top line also rose 6.7% from the year-ago quarter’s revenues of $117.9 million.

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Core Labs (CLB) Q3 Earnings Surpass Estimates, Sales Meet

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