Core Laboratories Q3 Adj $0.25 Beats $0.23 Estimate, Sales $134.40M Miss $134.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Core Laboratories reported Q3 earnings of $0.25 per share, beating estimates of $0.23, marking a 13.64% increase from last year. However, sales of $134.40M slightly missed the $134.45M estimate, though they increased by 7.22% from the previous year.
October 23, 2024 | 9:21 pm
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Core Laboratories' Q3 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, both earnings and sales showed year-over-year growth.
The earnings beat is a positive indicator for investors, suggesting operational efficiency or cost management improvements. The slight sales miss is less concerning given the year-over-year growth in both earnings and sales, which may lead to a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100