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Schlumberger Ltd. (SLB) Posts Q3 Earnings Beat, Revenue Miss
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Schlumberger Ltd. (SLB - Free Report) just released its third-quarter earnings results, posting earnings of $0.25 per share and revenue of $7.019 billion.
Currently, SLB has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Schlumberger:
Beat earnings estimates. The company posted earnings of $0.25 per share, beating our Zacks Consensus Estimate of $0.22.
Missed revenue estimates. The company saw revenue figures of $7.019, missing our estimate of $7.130 billion.
Third-quarter revenue of $7.0 billion was down 2% sequentially with North America declining 2% and international down 2%.
“Our third-quarter revenue decreased 2% sequentially, driven largely by the expected reduction in activity at Cameron as the order backlog of products declined… Excluding Cameron, revenue increased 1% sequentially driven by higher activity in the North America and Middle East Areas as well as in the Australia and Russia GeoMarkets,” said Schlumberger CEO Paul Kibsgaard.
SLB was up 0.57%, to $83.46 as of 4:31 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Schlumberger’s latest earnings performance:
Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services, solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis.
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Schlumberger Ltd. (SLB) Posts Q3 Earnings Beat, Revenue Miss
Schlumberger Ltd. (SLB - Free Report) just released its third-quarter earnings results, posting earnings of $0.25 per share and revenue of $7.019 billion.
Currently, SLB has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Schlumberger:
Beat earnings estimates. The company posted earnings of $0.25 per share, beating our Zacks Consensus Estimate of $0.22.
Missed revenue estimates. The company saw revenue figures of $7.019, missing our estimate of $7.130 billion.
Third-quarter revenue of $7.0 billion was down 2% sequentially with North America declining 2% and international down 2%.
“Our third-quarter revenue decreased 2% sequentially, driven largely by the expected reduction in activity at Cameron as the order backlog of products declined… Excluding Cameron, revenue increased 1% sequentially driven by higher activity in the North America and Middle East Areas as well as in the Australia and Russia GeoMarkets,” said Schlumberger CEO Paul Kibsgaard.
SLB was up 0.57%, to $83.46 as of 4:31 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Schlumberger’s latest earnings performance:
SCHLUMBERGER LT Price, Consensus and EPS Surprise
SCHLUMBERGER LT Price, Consensus and EPS Surprise | SCHLUMBERGER LT Quote
Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services, solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>