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SLB's Q1 earnings and revenues fall short of estimates as weak drilling in key regions and low evaluation activity hurt margins across its core segments.
Schlumberger (SLB) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.75 per share a year ago.
Shares of Schlumberger Ltd. slumped in early Friday trading after the provider of oil- and gas-drilling services reported a rare earnings miss, and said a slowing economy and current policies on trade could hurt drilling demand.
The company's fortunes are closely tied to prices of oil and gas, and they haven't provided much help.
SLB missed analysts' estimates for first-quarter profit on Friday, as a slowdown in demand in Latin America for its oilfield equipment and services dragged its international business.
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the first-quarter 2025. First-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Mar. 31, 2025 Dec. 31, 2024 Mar. 31, 2024 Sequential Year-on-year Revenue $8,490 $9,284 $8,707 -9% -3% Income before taxes - GAAP basis $1,063 $1,387 $1,357 -23% -22% Income before taxes margin - GAAP basis 12.5% 14.9% 15.6% -241 bps -306 bps Net income attributable to SLB - GAAP basis $797 $1,095 $1,.
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SLB's Q1 earnings are likely to have gained from a favorable crude pricing environment.
Evaluate the expected performance of Schlumberger (SLB) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Schlumberger (SLB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.