Core Laboratories NV (CLB) reported an increase in its fourth-quarter earnings compared to the same timeframe in the previous year, but the results fell short of Wall Street's expectations.
The firm announced a net income of $7.40 million, translating to $0.15 per share, which marks an improvement from last year's $2.20 million, or $0.05 per share. On average, analysts had projected earnings of $0.22 per share, typically excluding any special items in their forecasts.
In terms of revenue, the company saw a modest growth of 0.8%, bringing in $129.24 million, compared to $128.21 million in the prior year.
Here’s a quick overview of Core Laboratories NV's earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings: $7.40 million, compared to $2.20 million last year.
- Earnings Per Share (EPS): $0.15, versus $0.05 last year.
- Revenue: $129.24 million, up from $128.21 million last year.
