Schlumberger (SLB) Posts Better-Than-Expected Q4 Results
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Price: $77.42 --0%
Revenue Growth %: +0.6%
Financial Fact:
Net income (loss) attributable to noncontrolling interests: 5M
Today's EPS Names:
CNET, CNTF, ZLC, More
Revenue Growth %: +0.6%
Financial Fact:
Net income (loss) attributable to noncontrolling interests: 5M
Today's EPS Names:
CNET, CNTF, ZLC, More
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Schlumberger Limited (NYSE: SLB) reported Q4 EPS of $0.85, $0.08 better than the analyst estimate of $0.77. Revenue for the quarter came in at $9.07 billion versus the consensus estimate of $8.7 billion.
Schlumberger Chairman and CEO Andrew Gould commented, "Fourth-quarter activity in North America remained strong through increased activity in liquid-rich plays and improvement in Canada. Stronger pricing and the restructuring efforts across the Area continued to contribute to margin expansion, particularly at Well Services. In addition, an accelerated payout on an IPM gain-share project following the sale of the project by the customer clearly demonstrated how this business model can create value."
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Schlumberger Chairman and CEO Andrew Gould commented, "Fourth-quarter activity in North America remained strong through increased activity in liquid-rich plays and improvement in Canada. Stronger pricing and the restructuring efforts across the Area continued to contribute to margin expansion, particularly at Well Services. In addition, an accelerated payout on an IPM gain-share project following the sale of the project by the customer clearly demonstrated how this business model can create value."
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