Schlumberger beat earnings expectations, gave ‘very compelling’ outlook and raised dividend, stock rises

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Shares of Schlumberger Ltd. edged up 0.2% in premarket trading Friday, even after the oil services company reported fourth-quarter profit and revenue that...

Shares of Schlumberger Ltd. SLB edged up 0.2% in premarket trading Friday, even after the oil services company reported fourth-quarter profit and revenue that beat expectations and increased its quarterly dividend by 43%. Net income rose to $1.07 billion, or 74 cents a share, from $601 million, or 42 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 71 cents topped the FactSet consensus of 68 cents. Revenue grew 26.6% to $7.

07 billion, or 74 cents a share, from $601 million, or 42 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 71 cents topped the FactSet consensus of 68 cents. Revenue grew 26.6% to $7.88 billion, above the FactSet consensus of $7.81 billion, with growth seen in all business divisions.

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:

 /  🏆 3. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines