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DewDiligence

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DewDiligence

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Re: DewDiligence post# 19175

Wednesday, 10/23/2019 8:30:25 PM

Wednesday, October 23, 2019 8:30:25 PM

Post# of 29346
CLB 3Q19 results—revenue +2.5% QoQ—EPS=$0.50:

https://finance.yahoo.com/news/core-lab-reports-third-quarter-211500018.html

The 3Q19 revenue of $173M and GAAP EPS of $0.50 (excluding $0.04 of special items) are right smack in the middle of the prior guidance ranges of $171-175M and $0.48-0.52.

(That kind of precision is sort of GE scary, LOL.)

The guidance for 4Q19 is: revenue of $161-163M, and GAAP EPS of $0.44-0.45. Given such weak guidance, I would have expected the stock to be down in the AH session, but it’s actually up 2%.

CC tomorrow at 8:30am ET.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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