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OFS - Earnings Briefs - February 4, 2020

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Core Laboratories reported 4Q19 revenue from continuing operations of $157 million, a 9% drop sequentially and YOY. The result was the company’s worst quarter in years but beat the $154- 156 million projected in December when it announced it would cut its quarterly dividend to $0.25/share from $0.55/share. It blamed the drop on a steep decline in US onshore activity and slow international projects. Core Lab’s net income was $10.3 million in 4Q19 compared......
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