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Schlumberger Ltd. Q4 adjusted earnings Beat Estimates

Schlumberger Ltd. (SLB) released a profit for fourth quarter that decreased from the same period last year.

The company's earnings totaled $333 million, or $0.24 per share. This compares with $538 million, or $0.39 per share, in last year's fourth quarter.

Excluding items, Schlumberger Ltd. reported adjusted earnings of $545 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $8.23 billion from $8.18 billion last year.

Schlumberger Ltd. earnings at a glance:

-Earnings (Q4): $545 Mln. vs. $498 Mln. last year.
-EPS (Q4): $0.39 vs. $0.36 last year.
-Analysts Estimate: $0.37
-Revenue (Q4): $8.23 Bln vs. $8.18 Bln last year.

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