Powered by

Core Lab Q4'18 net income falls almost 60% on year

Feb 01, 2019 - SNL Energy Finance Daily

Oil and gas equipment and service provider Core Laboratories NV on Jan. 30 reported net income attributable to the company of $8.8 million for the fourth quarter ending Dec. 31, 2018, down nearly 60% from the $21.7 million seen during the same quarter in 2017.

The decline in net income comes despite a 1.8% year-over-year increase in revenue with $173.2 million seen for the quarter compared to the $170.1 million reported for the fourth quarter of 2017.

Operating income also dipped to ...