Investing.com - Schlumberger (NYSE:SLB) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.43 on revenue of $8.54B. Analysts polled by Investing.com expected EPS of $0.41 on revenue of $8.52B. That compared to EPS of $0.46 on revenue of $8.5B in the same period a year earlier. The company had reported EPS of $0.35 on revenue of $8.27B in the previous quarter.
For the year, Schlumberger shares are down 11.61%, under-performing the S&P 500 which is up 21.03% year to date.
Schlumberger follows other major Energy sector earnings this month
On July 30, Viper Energy Ut reported second quarter EPS of $0.04 on revenue of $72.19M, compared to forecasts of EPS of $0.11 on revenue of $70.2M.
GeoPark Ltd earnings missed analyst's expectations on Thursday, with third quarter EPS of $0.37 on revenue of $149M. Investing.com analysts expected EPS of $0.48 on revenue of $144.9M
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