Schlumberger Announces Third-Quarter 2018 Results
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Schlumberger (SLB) PT Lowered to $75 at Cowen
October 22, 2018 7:15 AM EDTCowen analyst Marc Bianchi lowered the price target on Schlumberger (NYSE: SLB) to $75.00 (from $77.00) while maintaining an Outperform rating.
The analyst commented, "SLB outperformed the OIH by ~75bps after reporting a modest beat yet provided guidance which implies downside to 4Q and 1Q.... More
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
