Schlumberger Ltd. (SLB) Q3 Sales Plunge 33%, EPS 48% YoY; CEO Warns of 'Delayed' Recovery
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UBS Reiterates Buy on Schlumberger Ltd. (SLB) Following 3Q Results
October 19, 2015 9:27 AM EDTUBS reiterated a Buy rating and $90.00 price target on Schlumberger (NYSE: SLB) following the company's 3Q15 earnings results. EPS of $0.78 beats consensus of $0.77.
Analyst Angie Sedita commented, "The company had another quarter with solid execution on the margin front as well as FCF. Their ability to... More
Schlumberger Ltd. (SLB) Tops Q3 EPS by 1c
October 15, 2015 4:11 PM EDTSchlumberger Ltd. (NYSE: SLB) reported Q3 EPS of $0.78, $0.01 better than the analyst estimate of $0.77. Revenue for the quarter came in at $8.47 billion versus the consensus estimate of $8.55 billion.
Schlumberger Chairman and CEO Paal Kibsgaard commented, Schlumberger third-quarter revenue decreased 6% sequentially driven by a continuing decline in rig activity and persistent pricing pressure throughout our global operations. North America revenue fell 4% sequentially as we focused on balancing margins and market share, while International revenue dropped 7% due to customer budget cuts, activity disruptions, and service pricing erosion.
The business environment deteriorated further in the third... More
