The Rising Influence of Rising Affluence

[DewDiligence]

CLB reports 2Q15 results—these are the bullet points from the press release:

http://www.sec.gov/Archives/edgar/data/1000229/000100022915000099/exhibit99-1_pressreleaseq2.htm

• REVENUE OF $204 MILLION DECREASED 5% SEQUENTIALLY

• EPS OF $0.82, EX-ITEM, DECLINED 5% SEQUENTIALLY

• H1 2015 FREE CASH FLOW REPRESENTS 173% OF EARNINGS

• 360,000 SHARES REPURCHASED IN Q2 2015 APPROXIMATES 1% OF SHARE COUNT

• COMPANY CLOSES ON PURCHASE OF SANCHEZ TECHNOLOGIES EXTENDING LEADERSHIP IN HPHT RESERVOIR FLUID ANALYSIS

• COMPANY RAISES GUIDANCE ABOVE STREET EPS CONSENSUS FOR Q3 & Q4 2015

Emphasis added.

The stock is up about 4% in AH trading after declining about 3% during regular trading.

I’ll have more to say after the CC tomorrow morning.