Published on 25 Apr 2024 on Zacks via Yahoo Finance
Core Laboratories (CLB) Q1 Earnings and Sales Beat Estimates
Core Laboratories CLB reported first-quarter 2024 adjusted earnings of 19 cents per share, which beat the Zacks Consensus Estimate of 16 cents. This can be attributed to better-than-expected performance from the Reservoir Description segment. The bottom line was in line with the year-ago quarter’s reported figure.
However, this oilfield service provider’s operating revenues of $129.6 million beat the Zacks Consensus Estimate of $124 million by 4.5%. The top line increased 0.9% from the year-ago quarter’s level of $128.4 million. This can be attributed to the Reservoir Description segment’s impressive performance.
Core Laboratories Inc. Price, Consensus and EPS Surprise