EARNINGS-Schlumberger posts second-straight quarterly loss on $3.7 bln charges
July 24 (Reuters) - Oilfield services giant Schlumberger NV
The world's largest oilfield services provider reported a net loss of $3.43 billion, or $2.47 per share, in the second quarter ended June 30, compared with a profit of $492 million, or 35 cents per share, a year earlier.
The company said it took $1 billion in severance charges during the quarter as it cut over 21,000 employees.
Excluding charges and credits, the company earned 5 cents per share. (Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila) ((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs;)) Keywords: SCHLUMBERGER RESULTS/ (URGENT)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.