CLSA Downgrades Schlumberger (SLB) to Underperform

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Go back to CLSA Downgrades Schlumberger (SLB) to Underperform

Schlumberger Announces First-Quarter 2015 Results

April 16, 2015 4:05 PM EDT

First-quarter revenue of $10.2 billion decreased 19% sequentially First-quarter EPS of $1.06, excluding charges and credits, declined 29% sequentially First-quarter free cash flow of $1.2 billion, excluding restructuring payments, increased 74% year-on-year 8.7 million shares were repurchased during the quarter for $719 million First-quarter restructuring and other charges amounted to $0.30 per share

HOUSTON--(BUSINESS WIRE)-- Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2015.

          (Stated in millions, except per share amounts) Three Months Ended Change Mar. 31, 2015 Dec. 31, 2014 Mar. 31, 2014 Sequential Year-on-year Revenue 10,248 $ 12,641 $ 11,239... More