Schlumberger Q2 Earnings and Revenues Surpass Estimates
Schlumberger (NYSE: SLB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.41%. A quarter ago, it was expected that this world’s largest oilfield services company would post earnings of $0.74 per share when it actually produced earnings of $0.75, delivering a surprise of 1.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Schlumberger, which belongs to the Zacks Oil and Gas – Field Services industry, posted revenues of $9.14 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.82%. This compares to year-ago revenues of $8.1 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
Full story available on Benzinga.com