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Core Laboratories: 4Q Earnings Snapshot

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AMSTERDAM (AP) _ Core Laboratories NV (CLB) on Wednesday reported fourth-quarter earnings of $13.5 million.

The Amsterdam-based company said it had net income of 30 cents per share. Earnings, adjusted for pretax gains, were 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The energy services company posted revenue of $113.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $110.1 million.

For the year, the company reported a loss of $97.6 million, or $2.20 per share, swinging to a loss in the period. Revenue was reported as $487.3 million.

Core Laboratories shares have climbed 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.92, a fall of 8.5% 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