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Schlumberger Q1 Net Profit Down - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Oilfield services provider Schlumberger Ltd. (SLB) posted lower first-quarter 2013 net income attributable to the company of $1.26 billion, or $0.94 per share, compared with last year's $1.30 billion, or $0.97 per share. The company recorded charges of $0.07 per share in the first quarter of 2013, versus $0.01 per share a year ago.

Excluding charges and credits, income from continuing operations attributable to Schlumberger, totaled $1.35 billion, or $1.01 in the recent quarter. On average, 32 analysts polled by Thomson Reuters expected earnings per share of $0.99 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenue of $10.67 billion, was higher than $9.92 billion in the first quarter of 2012. Analysts estimated revenues of $10.74 billion for the quarter.

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