Core Laboratories, Inc. (CLB, Financial) faced challenges in the Ariel Small Cap Value Strategy 2024 Q3, trading lower due to a volatile macro environment and softening expectations for U.S. onshore drilling and completion activity. Despite these challenges, the company’s earnings results were in-line with Wall Street expectations.
"Nonetheless, the company continues to project international growth from projects in the Middle East, Asia Pacific, and West Africa." — Ariel Small Cap Value Strategy 2024 Q3 Fund Letter
Read full letter at gurufocus Ariel Small Cap Value Strategy 2024 Q3 page.