Schlumberger Ltd. (SLB) Q3 Sales Plunge 33%, EPS 48% YoY; CEO Warns of 'Delayed' Recovery

Schlumberger Announces Third-Quarter 2015 Results

October 15, 2015 4:10 PM EDT

Revenue of $8.5 billion decreased 6% sequentially EPS of $0.78 declined 11% sequentially Free cash flow of $1.7 billion represented 170% of earnings Sequential and year-over-year decremental operating margins were 35% and 31%, respectively 6.9 million shares repurchased for $545 million

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

(Stated in millions, except per share amounts)     Three Months Ended     Change Sept. 30, 2015     Jun. 30, 2015     Sept. 30, 2014 Sequential     Year-on-year Revenue $8,472 $9,010

$12,646

-6% -33% Pretax operating income 1,521 1,708 2,806 -11% -46%... More