Market Overview

UPDATE: Schlumberger Q3 Profit Surges 20%

Share:
Related SLB
Citi Research Sees Little Upside To FMC Technologies-Technip Merger
Schlumberger Exec Comments Trigger Price Target Drop From Citi
Oil Service Costs To Rise, But How Much And When? (Seeking Alpha)

Schlumberger (NYSE: SLB) reported a 20% rise in its third-quarter profit.

Schlumberger's quarterly profit surged to $1.72 billion, or $1.29 per share, from $1.42 billion, or $1.07 per share, in the year-ago period.

Its revenue rose 11% to $11.61 billion. However, analysts were expecting a profit of $1.24 per share on revenue of $11.58 billion.

Schlumberger's revenue from the Middle East and Asia rose 25%, and surged 4% in Latin America.

Schlumberger shares closed at $91.43 yesterday.

Posted-In: profitEarnings News

 

Related Articles (SLB)

View Comments and Join the Discussion!