Shares of Schlumberger SLB decreased 1.3% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 62.79% over the past year to $0.16, which beat the estimate of $0.12.
Revenue of $5,258,000,000 decreased by 38.44% year over year, which missed the estimate of $5,380,000,000.
Outlook
Schlumberger hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Oct 16, 2020
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/38mppeco
Recent Stock Performance
Company's 52-week high was at $41.14
52-week low: $11.87
Price action over last quarter: down 16.87%
Company Profile
Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: Reservoir Characterization, Drilling, Production, and Cameron. The firm is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Its efforts on this front are most visible via its Schlumberger Production Management (SPM) business, which now accounts for 10% of its revenue.
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