Core Laboratories: Q2 Earnings Snapshot

AMSTELVEEN, Netherlands (AP) — AMSTELVEEN, Netherlands (AP) — Core Laboratories Inc. (CLB) on Wednesday reported second-quarter profit of $22.8 million.

The Amstelveen, Netherlands-based company said it had net income of 48 cents per share. Earnings, adjusted for pretax gains and non-recurring gains, came to 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The energy services company posted revenue of $127.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $132.2 million.

For the current quarter ending in September, Core Laboratories said it expects revenue in the range of $128 million to $132 million.

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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