Core Laboratories Projects Q4 Revenue of $128.5 Million to $134.5 Million
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Core Laboratories projected fourth-quarter revenue of $128.5 million to $134.5 million, with conflict-related project delays and logistics disruptions continuing to affect its Reservoir Description business. The company expects earnings per share of $0.12 to $0.20, with revenue relatively flat from the third quarter. Third-quarter revenue was $132.1 million, up 6% from the previous quarter and down 2% from a year earlier. Adjusted EBIT was $12.6 million, with a margin of about 10%. Adjusted diluted earnings per share was $0.16, and free cash flow was $1.7 million.
Source: TokenPost
