Schlumberger: 2Q Earnings Snapshot
THE HAGUE, Netherlands (AP) _ Schlumberger NV (SLB) on Friday reported second-quarter profit of $492 million.
On a per-share basis, the The Hague, Netherlands-based company said it had profit of 35 cents.
The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.
The world’s largest oilfield services company posted revenue of $8.27 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $8.11 billion.
Schlumberger shares have climbed slightly more than 7% since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has decreased 42% in the last 12 months.