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Replies to post #117 on Core Laboratories N.V. (CLB)
DewDiligence
01/30/19 5:57 PM
#119 RE: DewDiligence #117
Core Lab anticipates a slowing in further project announcements until confidence in the balance of global crude-oil markets is restored. Core believes there will be a positive correction to the temporary oversupply of crude oil by the end of the first quarter 2019, which should encourage additional FID approvals for projects announced in 2018. …Therefore, Core expects consolidated first quarter 2019 revenue of approximately $164,000,000 to $168,000,000 and operating income of approximately $26,000,000 to $27,000,000, yielding operating margins of 16%. EPS for the first quarter of 2019 is expected to be approximately $0.42 to $0.45.