UPDATE: Schlumberger Q3 Profit Up 9.5%
Schlumberger Ltd (NYSE: SLB) reported a 9.5% rise in its third-quarter earnings.
Schlumberger's quarterly profit surged to $1.42 billion, or $1.07 per share, from $1.3 billion, or $0.96 per share, in the year-ago period. Excluding one-time items, the company's adjusted earnings from continuing operations came in at $1.08 per share.
Its revenue rose 11% to $10.6 billion. However, analysts were expecting earnings of $1.06 per share on revenue of $10.68 billion.
Schlumberger shares closed at $74.80 yesterday.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.