Core Laboratories: 2Q Earnings Snapshot

Core Laboratories: 2Q Earnings Snapshot

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AMSTERDAM (AP) _ Core Laboratories NV (CLB) on Wednesday reported second-quarter earnings of $24.8 million.

On a per-share basis, the Amsterdam-based company said it had profit of 57 cents. Earnings, adjusted for non-recurring costs, were 59 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 59 cents per share.

The energy services company posted revenue of $175.5 million in the period.

For the current quarter ending in October, Core Laboratories said it expects revenue in the range of $177 million to $179 million.

Core Laboratories shares have climbed 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $111.79, a climb of 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLB at https://www.zacks.com/ap/CLB

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