Core Laboratories N.V. (NYSE:CLB) is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.15 per share.
Looking ahead, the full year income are expected at $ 0.76 per share on the revenues of $ 494.57 million.
Previous Quarter Performance
Core Laboratories N.V. unveiled income for the second quarter of $ 0.14 per share, from the revenue of $ 115.74 million. The quarterly earnings contracted 69.57 percent while revenues decreased 33.34 percent compared with the same quarter last year.
Wall street analysts are predicting, CLB to report 2Q20 income of $ 0.10 per share from revenue of $ 115.35 million. The bottom line results beat street analysts by $ 0.04 or 40.00 percent, at the same time, top line results outshined analysts by $ 0.39 million or 0.34 percent.
Stock Performance
Shares of Core Laboratories N.V. traded up $ 0.19 or 1.28 percent on Tuesday, reaching $ 15.03 with volume of 538.00 thousand shares. Core Laboratories N.V. has traded high as $ 15.36 and has cracked $ 14.67 on the downward trend
The closing price of $ 15.03, representing a 122.16 % increase from the 52 week low of $ 6.68 and a 69.85 % decrease over the 52 week high of $ 49.22.
The company has a market capital of $ 668.60 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Stock Dividend Announcement
On July 17, 2020, the board of directors authorized quarterly dividend of $ 0.01 per share to holders of record as of the close of business on July 27, 2020, with payment date of August 10, 2020 and ex-dividend date on July 24, 2020.
Conference Call
Core Laboratories N.V. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.corelab.com
Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, Canada, and internationally. The company operates in two segments, Reservoir Description and Production Enhancement segments.
