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Schlumberger (SLB) Posts In-Line Q1 Earnings, Lags Revenues

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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 3.94%, missing the estimate once.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its first 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 25 cents, in-line with the Zacks Consensus Estimate. 

Revenue: Revenues of $6,894 million came below the Zacks Consensus Estimate of $6,977 million.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $281 million, down 16% year over year. Drilling Group contributed income of $229 million, down 38% year over year. Income from Production Group fell 47% to $110 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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