Schlumberger stock falls after profit tops expectations but revenue comes up a bit short

📆 7/21/2023 2:07 PM
📰 MarketWatch

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Shares of Schlumberger Ltd. shed 1.2% in premarket trading Friday, after the oil driller reported second-quarter profit that topped expectations but revenue...

Shares of Schlumberger Ltd. SLB shed 1.2% in premarket trading Friday, after the oil driller reported second-quarter profit that topped expectations but revenue that came up a bit short. Net income rose to $1.03 billion, or 72 cents a share, from $959 million, or 67 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 72 cents topped the FactSet consensus of 71 cents. Revenue grew 19.6% to $8.099 billion but missed the FactSet consensus of $8.

03 billion, or 72 cents a share, from $959 million, or 67 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 72 cents topped the FactSet consensus of 71 cents. Revenue grew 19.6% to $8.099 billion but missed the FactSet consensus of $8.204 billion, amid growth of 20% or more in international markets while North America revenue rose 14%.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taiwan Semi’s stock falls after profit topped expectations but gross margin contracted, and is expected to weaken furtherThe U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. Ltd. slumped 2.9% in premarket trading Thursday, after the contract semiconductor maker...
Source: MarketWatch - 🏆 3. / 97 Read more »