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Schlumberger posts 19.8 pct fall in quarterly profit


Reuters


April 18 (Reuters) - Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending.

Schlumberger said net income fell to $421 million, or 30 cents per share, in the three months ended March 31, from $525 million, or 38 cents per share, a year earlier.

Revenue rose to $7.88 billion from $7.83 billion.






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



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