Core Lab Posts Solid 3Q Results; Share Price Has Tumbled This Month, Converging on Our FVE
Wide-moat Core Laboratories released solid third-quarter results, with revenue increasing 4% sequentially and adjusted operating margins flat at about 19%. The revenue increase came almost entirely from the production enhancement segment, which experienced a 7% increase owing to market share gains for the company's premium perforating products like HERO PerFRAC. However (and similar to last quarter), increased sales of "premium" products did not lead to higher margins. Instead, production enhanc...Core Laboratories is a holding company. Co. is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. Co. has three segments: reservoir description, which encompasses the characterization of petroleum reservoir rock, fluid and gas samples; production enhancement, which includes products and services relating to reservoir well completions, perforations, stimulations and production; and reservoir management, which combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from its clients' reservoirs.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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