CARBO Ceramics Inc. (CRR) reported fourth quarter net income of $0.86 per share Friday morning, down from $1.43 per share in the prior year. The consensus estimate was for EPS of $0.86. Revenues totaled $153.62 million, down 3 percent from $158.12 million last year. Analysts expected revenues of $146.76 million.
CARBO Ceramics climbed during the first half of Friday's session and closed up by 7.09 at $87.20 on strong volume. The stock broke out of a 2-month range and set over a 6-month high.
by RTT Staff Writer
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