Core Laboratories beats earnings estimate by $0.02, revenue misses at $124.6 million
Non-GAAP earnings per share of $0.11 gave Core Laboratories a $0.02 beat over analyst expectations in its latest period, results showed. Revenue of $124.6 million came in $0.5 million below estimates, the company disclosed.
Key takeaways
- Core Laboratories reported non-GAAP earnings per share of $0.11, beating analyst expectations by $0.02.
- Revenue came in at $124.6 million, missing estimates by $0.5 million.
- The non-GAAP figure excludes items such as restructuring charges, stock-based compensation, and other costs designated as outside ordinary operations.
- The earnings beat points to cost control or favorable treatment of non-operating items, while the revenue shortfall indicates sales came in slightly below forecast.
- The company did not disclose a further breakdown of the sources behind the revenue gap.
Non-GAAP earnings per share of $0.11 gave Core Laboratories a $0.02 beat over analyst expectations in its latest period, results showed. Revenue of $124.6 million came in $0.5 million below estimates, the company disclosed.
The earnings picture
The $0.11 per-share figure cleared the analyst consensus by $0.02. Non-GAAP results exclude items such as restructuring charges, stock-based compensation, and other costs that companies designate as outside ordinary operations. The beat on that measure means Core Laboratories delivered more per share than analysts had forecast once those exclusions are applied.
Revenue of $124.6 million fell $0.5 million short of estimates. Narrow in absolute terms, that gap still registers as a miss against the number analysts had on the books.
A split result
Core Laboratories delivered opposing signals on its two headline metrics. The $0.02 earnings beat points to cost control or favorable treatment of non-operating items relative to what analysts had modeled. The $0.5 million revenue shortfall indicates sales activity came in slightly below the forecast.
The company disclosed both figures. The reported results did not include a further breakdown of the sources behind the revenue gap.