Core Laboratories (CLB) Tops Q2 EPS by 4c
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Core Lab Reports Second Quarter 2020 Results From Continuing Operations:
July 22, 2020 5:15 PM EDTAMSTERDAM, July 22, 2020 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported that continuing operations resulted in second quarter 2020 revenue of $115,700,000.  The financial results for the second quarter of 2020 include a charge of $13,300,000 associated with: 1) severance in connection with on-going cost reduction initiatives, 2) a non-cash inventory write-down, and 3) other non-cash charges.  Core's operating loss was $2,600,000, with a loss per diluted share of $0.13, all in accordance with U.S. generally accepted accounting principles ("GAAP").  Operating income, ex-items, a non-GAAP financial measure, was $10,700,000, yielding operating margins of 9.2%... More
