CLB—I wonder what revenue and EPS investors were expecting in 1Q15 before reading today’s PR? I would’ve thought a 12% YoY decline in revenue and a 20% YoY decline in EPS (as per 1Q15 guidance) were already baked into the share price, which was already down by half from its Apr 2014 high (before the after-hours sell-off).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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