Schlumberger: Q3 Earnings Snapshot
THE HAGUE, Netherlands (AP) — THE HAGUE, Netherlands (AP) — Schlumberger NV (SLB) on Friday reported third-quarter profit of $1.19 billion.
On a per-share basis, the The Hague, Netherlands-based company said it had profit of 83 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 89 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The world's largest oilfield services company posted revenue of $9.16 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $9.28 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLB at https://www.zacks.com/ap/SLB
