CLB beats - raises guidance
Great news continues from CLB
* Revenue up 13% and they hit expectations
* Earnings up 56%. And they beat by 7%
* Operating margins increase 600 basis points (from 18% to 24%). That's the secret sauce behind the EPS growth
They also raised next quarter's earnings expectations about 5%
The company is growing ~50% with a P/E of 20
The biggest growth sector is reservoir description (revs up 17% and earnings up 82%)
* Revenue up 13% and they hit expectations
* Earnings up 56%. And they beat by 7%
* Operating margins increase 600 basis points (from 18% to 24%). That's the secret sauce behind the EPS growth
They also raised next quarter's earnings expectations about 5%
The company is growing ~50% with a P/E of 20
The biggest growth sector is reservoir description (revs up 17% and earnings up 82%)
posted by Andrew at
7:27 PM
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