U.S. oil service firms face tough quarter despite high crude prices
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Schlumberger Ltd. (SLB) Reports In-Line Q3 EPS, Revenues Miss
October 19, 2018 7:01 AM EDTSchlumberger Ltd. (NYSE: SLB) reported Q3 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.59 billion.
Revenue of $8.5 billion increased 2% sequentiallyPretax operating income of $1.2 billion increased 5% sequentiallyEPS was $0.46Cash flow from operations was $1.8 billionFree cash flow was $1.0 billionSchlumberger Chairman and CEO Paal Kibsgaard commented, Our third-quarter revenue of $8.5 billion grew 2% sequentially, driven by the International Areas where the broad-based activity recovery continued and where sequential revenue growth outpaced that of North America for the... More
