Oilfield services provider Schlumberger Ltd.'s (SLB) fourth-quarter net income attributable to the company slid to $1.36 billion, from $1.41 billion a year before.Earnings per share of Schlumberger were $1.02, lower than the prior year's $1.05 in 2011. On a reported basis, income from continuing operations totaled $1.37 billion, versus last year's $1.40 billion. The company said it recorded charges of $0.06 per share during the recent quarter, compared with $0.06 per share in the prior-year period.
Excluding charges and credits, adjusted income from continuing operations attributable to Schlumberger amounted to $1.44 billion, or $1.08 per share for the latest period. On average, 32 analysts polled by Thomson Reuters expected earnings per share of $1.07 for the quarter. Analysts' estimates typically exclude one-time items.
However, quarterly revenue was $11.17 billion, up from $10.30 billion in the 2011 fourth quarter. Analysts estimated revenues of $10.82 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.