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Schlumberger Limited. (NYSE:SLB) has reported revenue and earnings that topped expectations, supported by its international operations.
Schlumberger (SLB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.71 per share a year ago.
The oil services provider posts adjusted earnings of 86 cents a share, beating analysts' forecasts by 2 cents.
The expected uptick in offshore oil and gas exploration spending presents opportunities for companies such as SLB (SLB), Seadrill (SDRL) and Transocean (RIG).
SLB's earnings in Q4 are likely to have been affected by lower pretax segment operating income for Digital Integration.
Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SLB's investment in working with Geminus AI is ready to bring a significant improvement in how operations perform in different areas, from pipelines to facilities.
In the most recent trading session, Schlumberger (SLB) closed at $48.45, indicating a -0.23% shift from the previous trading day.
In trading on Wednesday, shares of Schlumberger entered into oversold territory, changing hands as low as $47.88 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Zacks.com users have recently been watching Schlumberger (SLB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.