Back to top

Image: Bigstock

Schlumberger (SLB) Posts In-Line Q4 Earnings, Tops Revenues

Read MoreHide Full Article

Houston, TX-based Schlumberger Limited (SLB - Free Report) is a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry.  

Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of 4.73%, missing the estimate once.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings:Earnings per share (excluding special items) came in at 27 cents, in-line with the Zacks Consensus Estimate.  

Revenue: Revenues of $7,107 million came above the Zacks Consensus Estimate of $7,096 million.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $316 million, down 39% year over year. Drilling Group contributed income of $234 million, down 53% year over year.  

(You can see the complete list of today’s Zacks #1 Rank stocks here)

The Best Place to Start Your Stock Search

Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Schlumberger Limited (SLB) - free report >>