Investing.com - Schlumberger (NYSE:SLB) reported first quarter earnings that matched analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.3 on revenue of $7.88B. Analysts polled by Investing.com anticipated EPS of $0.3 on revenue of $7.81B. That compared to EPS of $0.38 on revenue of $7.83B in the same period a year earlier. The company had reported EPS of $0.36 on revenue of $8.18B in the previous quarter.
Schlumberger shares lost 3.43% to trade at $45.79 in intra-day trade following the report.
Schlumberger shares lost 3.43% to trade at $45.79 in intra-day trade following the report.
For the year, Schlumberger shares are up 26.91%, outperforming the S&P 500 which is up 17.26% year to date.
Schlumberger follows other major Energy sector earnings this month
On Friday, March 29, 2019, Tatneft ADR reported first quarter EPS of $2.26 on revenue of $3.88B, compared to forecasts of EPS of $1.87 on revenue of $3.67B.
GeoPark Ltd earnings missed analyst's expectations on Wednesday, March 6, 2019, with first quarter EPS of $0.24 on revenue of $151.2M. Investing.com analysts expected EPS of $0.44 on revenue of $153.14M
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