AMSTERDAM (AP) _ Core Laboratories NV (CLB) on Wednesday reported a second-quarter loss of $5.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Amsterdam-based company said it had a loss of 13 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 14 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The energy services company posted revenue of $115.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $115.4 million.
Core Laboratories shares have dropped 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.25, a drop of 59% in the last 12 months.