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Carbo Ceramics Beats the Street

Carbo Ceramics (NYSE: CRR) reported second quarter EPS of $1.00 versus the estimated $0.99, beating by $0.01. EPS were up 41% year over year. Revenue came in at $176.60 million versus the estimated $165.58 million. Sales were up 15% from the same quarter last year.

From the press release:

“We gained new clients in several oil and gas basins, where operators utilized the integrated technologies of the Design, Build, and Optimize the Frac platform and achieved exceptional well production results.  STRATAGEN® engineers using FRACPRO® to design and optimize fracs, coupled with our high quality, high conductivity ceramic proppant has led to higher production, EUR and ROI for the operators.”

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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