Schlumberger beats analyst outlook in Q4 report

The world’s largest drilling company’s share price is slightly up as the group’s latest financial statement shows fourth quarter performance exceeding analyst guesses pooled by Bloomberg.

Photo: Richard Carson/Reuters/Ritzau Scanpix

BY MARKETWIRE, TRANSLATED BY DANIEL FRANK CHRISTENSEN

US-based Schlumberger performed above an analyst consensus compiled by Bloomberg News in last year’s final quarter, the drilling company informs in its latest financial statement.

This news has the group’s share price slightly up in US trading, which also shows general upward momentum on the nation’s main indices.

Schlumberger’s equity inches up by 0.3% to USD 57.55 after presenting the financial report, showing adjusted earnings per share of USD 0.71 against the USD 0.68 analysts had forecast, according to estimates compiled by Bloomberg .

The group’s results were made off revenue totaling USD 7.88bn relative to USD 7.81bn predicted by analysts referenced by the media.

Schlumberger lands slightly above expectations
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Schlumberger did better than expected
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