Core Laboratories sees Q4 revenue approximately 58c, consensus 58c
Sees Q4 revenue approximately $171.5M, consensus $170.91M. Core expects fourth quarter 2017 North American completion activity levels to continue to expand as current completion levels will be supplemented by reductions in drilled-but-uncompleted inventories. The company expects fourth quarter 2017 international activity levels to be flat to up slightly from third quarter levels with most ongoing projects to be funded largely from their operating budgets. Core expects our incremental operating income margins to exceed 60% as the recovery phase continues, followed by historical incremental operating income margins of approximately 35%-45%. The company projects that its operating income in the fourth quarter 2017 is expected to be approximately $32.8M yielding operating margins of approximately 19%.