Houston, TX-based Schlumberger LimitedSLB 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 7.58%.
Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its third 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 42 cents, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $7,905 million came slightly below the Zacks Consensus Estimate of $7,910 million.
Key Stats: Pre-tax operating income from Reservoir Characterization segment was $311 million, down 5% year over year. However, Drilling Group contributed income of $301 million, surged 38% year over year. Also, income from Production Group jumped 212% to $283 million.
Schlumberger N.V. Price and EPS Surprise
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