UPDATE: Schlumberger Q3 Profit Surges 20%
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.
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