Why Core Laboratories Stock Is Slumping Today

·2 min read
Why Core Laboratories Stock Is Slumping Today

Shares of Core Laboratories (NYSE: CLB) had declined by as much as 6.3% by 10:45 a.m. EDT on Thursday. Core Labs reported $118 million of revenue for the third quarter, which was well below the low end of its guidance range of $122 million to $126 million. Likewise, earnings per share of $0.18 came in below its $0.19 to $0.21 forecast.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting