Core Laboratories reported after the bell Wednesday, and “Mad Money” host Jim Cramer’s watching for a sell-off. But not because of poor earnings.
“Core Labs sells off like clockwork after giving you these terrific reports, and that's the great chance to buy before it inevitably rebounds,” he said. “Five out of six most recent quarters it's done this.”
The Cramer-fave reported a solid quarter that beat expect earnings estimates by a quarter when you factor out gains from a lower-than-expected tax-rate. It also reported in-line revenues that rose 17 percent year-over-year.
To find out more about the quarter and what comes next for Core Labs, Cramer sat down with Chairman and CEO Dave Demshur. Watch the video to see the full interview.
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