Core Laboratories Q3 Profit Rises, Boosts Q4 Outlook - Quick Facts

(RTTNews) - Core Laboratories N.V. (CLB) reported third-quarter net income to company of $66.50 million or $1.50 per share, higher than $61.90 million or $1.35 per share in the prior-year quarter.

Excluding foreign exchange losses, pro-forma net income for the quarter was $1.53 per share.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.52 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter increased to $276.14 million from $273.16 million a year ago. Analysts expected revenue of $284.85 million for the quarter.

Looking ahead to the fourth quarter, Core expects earnings in a range of $1.53 to $1.56 per share, on projected revenues between $275.0 million and $280.0 million. Street is currently looking for fourth-quarter earnings of $1.60 per share on revenues of 292.84 million.

Earlier, Core had anticipated earnings in a range of $1.56 and $1.61 per share and revenues between $285.0 million and $295.0 million.