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Schlumberger (SLB) Q3 Earnings In-Line, Revenues Lag

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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

Schlumberger N.V. Price and EPS Surprise | Schlumberger N.V. Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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