The prior 4Q19 guidance (#msg-151880716) was revenue of $161-163M and EPS of $0.44-0.45, so the 4Q19 guidance cut amounts to 4% on revenue and 16% on EPS. The reason for the cut is this:
In other words, business is really bad.
CLB also issued preliminary 1Q20 guidance: revenue of $159-164M, and EPS of $0.39-0.41. I.e, 1Q20 is projected to be better than 4Q19, but not by much.
The new annualized dividend is $1.00, reduced from $2.20.
The stock has not yet traded in the AH session. (It may be halted.)
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