Friday, December 21, 2001
Core cuts earnings outlook
Houston Business Journal
Core Laboratories N.V. on Thursday lowered its earnings and sales projections for the fourth quarter and next year, saying falling gas and oil prices was leading oil companies, its customers, to cut spending.
The Houston-based petroleum reservoir consulting company Core dropped its fourth quarter earnings per diluted share estimate to between 18 cents and 22 cents.
Core said fourth quarter sales would be $90 million. For 2002, the company saw earnings per share, excluding goodwill, of 86 cents to 90 cents on revenue of $350 million to $370 million.
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