
SLB, also known as Schlumberger, beat analysts' estimates for second-quarter profit, driven by strong international demand for its drilling equipment and technology. The company reported a revenue of $9.14 billion, which represents a 5% increase sequentially and a 13% increase year-on-year, surpassing the estimated $9.08 billion. GAAP EPS stood at $0.77, marking a 4% sequential increase and a 7% year-on-year increase. Excluding charges and credits, EPS was $0.85, up 13% sequentially and 18% year-on-year, exceeding the estimated $0.83. The CEO highlighted broad-based international revenue growth and margin expansion across all divisions. SLB's stock saw a pre-market increase of 1.6% and a subsequent increase of 0.78%.
Schlumberger Q2 earnings results: ~EPS: $0.85 vs $0.83 est ~SALES: $9.14B vs $9.08B est https://t.co/Jr9gCCX3l6 $SLB 🟢 +0.78% in PM https://t.co/3cmF6gM6sb
SLB and Halliburton, two of the world’s biggest oilfield service providers, said they see strong international demand for crude drilling https://t.co/Mivs6pG3bq
SLB beats quarterly profit estimates on international drilling demand #oott https://t.co/q60b8yQxno
