Carbo Ceramics (CRR) Gains After Posting Smaller Q2 Loss
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CARBO® Announces Second Quarter 2016 Results
July 28, 2016 6:01 AM EDTHOUSTON, July 28, 2016 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) today reported a GAAP net loss of $20.3 million, or a loss of $0.88 per share, on revenues of $20.7 million for the quarter ended June 30, 2016. The GAAP net loss includes $8.7 million, or $0.38 per share, of after-tax costs associated with slowing and idling production.
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CEO Gary Kolstad commented, "The operating environment within the oil and gas industry remained... More
