Time New York: Fri 20 Oct 01:14 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Schlumberger (SLB) Posts In-Line Q1 Earnings, Lags Revenues

Zacks

Houston, TX-based Schlumberger Limited SLB is a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry.

Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of 3.94%, missing the estimate once.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Earnings per share (excluding special items) came in at 25 cents, in-line with the Zacks Consensus Estimate.


Revenue: Revenues of $6,894 million came below the Zacks Consensus Estimate of $6,977 million.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $281 million, down 16% year over year. Drilling Group contributed income of $229 million, down 38% year over year. Income from Production Group fell 47% to $110 million.

(You can see the complete list of today’s Zacks #1 Rank stocks here)

Schlumberger N.V. Price and EPS Surprise

Schlumberger N.V. Price and EPS Surprise | Schlumberger N.V. Quote

Zacks' 2017 IPO Watch List

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.