In a story Oct. 19 about Core Laboratories NV's earnings, The Associated Press reported erroneously that earnings per share missed estimates. The company's net income met analyst estimates.
A corrected version of the story is below:
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Core Laboratories meets Street 3Q forecasts
Core Laboratories posts 3Q profit, results meet Wall Street estimates
AMSTERDAM (AP) — Core Laboratories NV (CLB) on Wednesday reported third-quarter profit of $16.7 million.
On a per-share basis, the Amsterdam-based company said it had net income of 38 cents.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The energy services company posted revenue of $143.5 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $147.2 million.
For the current quarter ending in December, Core Laboratories said it expects revenue in the range of $143 million to $145 million.
Core Laboratories shares have risen almost 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $115.10, a climb of 2.5 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLB at http://www.zacks.com/ap/CLB
Keywords: Core Laboratories, Earnings Report