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Summary of CRR financials just released     30-Apr-09 04:12 pm    
I have bought in at 30.73 because of the following:

Q1 RESULTS

Irving, Texas-based Carbo Ceramics (CRR) reported first-quarter earnings of $16.4 million or 70 cents share, compared with $14.2 or 58 cents a share, last year. Revenue was flat at $90.6 million. [ID:nWNAB0844]

Operating profit increased $6.2 million from last year. Worldwide proppant sales volume totaled 253 million pounds for quarter, representing a year-over-year decrease of 11 percent.

Analysts on average were looking for earnings of 66 cents a share, before items, on revenue of $98.27 million, according to Reuters Estimates.

For the latest first quarter, Hornbeck earned $27.1 million or $1.01 a share, compared with $22.6 million, or 84 cents a share, last year. Revenue rose 12 percent to $109.6 million. [ID:nWNAB0875]

Analysts on average were looking for earnings of 92 cents a share, before items, on revenue of $110.36 million, according to Reuters Estimates.

Average new generation OSV dayrates rose to $23,085 from $21,020 last year. New generation OSV utilization was 93.0 percent for the first quarter of 2009, in-line with the same period in 2008.

The company also backed its 2009 adjusted earnings per share outlook of between $3.50 and $3.97. The lower end of the range is 3 cents below analysts consensus view.


Sentiment : Strong Buy
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kcsdsc

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Summary of CRR financials just released
kcsdsc (1 Rating) 30-Apr-09 04:12 pm  
 
Excellent post. I saw these financials and talked ...
sjdeines Rate it 1-May-09 09:00 am  
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CARBO Ceramics Inc. (CRR)

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