Schlumberger Ltd. Announces 31% Fall In Q1 Bottom Line


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(RTTNews.com) - Schlumberger Ltd. ( SLB ) reported a profit for first quarter that lost ground from last year.

The company said its bottom line came in at $347 million, or $0.25 per share. This was down from $501 million, or $0.40

	 per share, in last 

year's first quarter.


Analysts had expected the company to earn $0.25	 per share, according 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.7% to $6.89 billion. This was up from $6.52 billion last year.

Schlumberger Ltd. earnings at a glance:

-Earnings (Q1): $347 Mln. vs. $501 Mln. last year. -Earnings Decline (Y-o-Y): -30.7% -EPS (Q1): $0.25 vs. $0.40

	 last year.
-EPS Decline (Y-o-Y): -37.5%
-Analysts Estimate: $0.25	
-Revenue (Q1): $6.89 Bln vs. $6.52 Bln last year.
-Revenue Change (Y-o-Y): 5.7%


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This article appears in: Fundamental Analysis , World Markets , Stocks , Oil , Earnings
Referenced Symbols: SLB , TRI


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