Investor's Business Daily - The provider of chemicals used in oil and gas drilling said Q1 EPS jumped 59% to $1.30, beating by 29 cents, as rising oil prices have lifted demand for hydraulic fracturing. Revenue grew 22% to $150.8 mil, above estimates of $129.5 mil. Carbo Ceramics is the largest maker of ceramic proppants, which are chemicals used to hold wells open after hydraulic fracturing. Proppant sales rose 8% to 399 mil pounds. Shares climbed 15% to 162.52.
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