CLB beats expectations
A good quarter for CLB
* Sales up 19% but missed expectations by 1%
* Earnings up 78% and beat expectations by 4%
The answer is margin growth. Margins are up 5% from 19% last year and almost 1% from the previous quarter.
The demand for their services is strong enough for them to raise next quarter guidance by 5%~10% and 4% for the year.
One thing that concerns me is that sales growth is slowing. It's projected to land at 15% for next year. I don't understand why and it makes me interested in possibly exiting.
* Sales up 19% but missed expectations by 1%
* Earnings up 78% and beat expectations by 4%
The answer is margin growth. Margins are up 5% from 19% last year and almost 1% from the previous quarter.
The demand for their services is strong enough for them to raise next quarter guidance by 5%~10% and 4% for the year.
One thing that concerns me is that sales growth is slowing. It's projected to land at 15% for next year. I don't understand why and it makes me interested in possibly exiting.
posted by Andrew at
9:08 PM
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