Houston, TX-based Schlumberger Limited (SLB Quick QuoteSLB - 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 3.94%, missing the estimate once.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its second quarter 2017 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 35 cents, surpassed the Zacks Consensus Estimate of 30 cents.

Revenue: Revenues of $7,462 million came above the Zacks Consensus Estimate of $7,258 million.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $299 million, up 12% year over year. Drilling Group contributed income of $302 million, surged 77% year over year. Income from Production Group jumped almost 170% to $221 million.

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

Schlumberger N.V. Price and EPS Surprise

 

Schlumberger N.V. Price and EPS Surprise | Schlumberger N.V. Quote

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