Core Laboratories sees Q4 EPS 44c-45c , consensus 46c
Sees Q4 revenue $161M-$163M , consensus $169.69M. The company says: "The balance of supply and demand did not materially change during the third quarter 2019. As the balancing of global crude-oil supply and demand continues, this should support a stable and positive crude-oil price, which underpins the reinvestment and Final Investment Decisions in international crude-oil field projects. These international investments are critical, as the decline in production from mature fields continues and new field development is required to replace the current supply. Consequently, the outlook for activity on international projects remains positive for Core's Reservoir Description segment. Therefore, considering the expected but uncertain level of decline in U.S. land activity, Core projects consolidated fourth quarter 2019 revenue of approximately $161M to $163M and operating income of approximately $28M to $29M, yielding operating margins of approximately 18%."