Schlumberger Ltd. (SLB) revealed earnings for second quarter that Decreased from last year and missed the Street estimates.
The company's earnings totaled $1.014 billion, or $0.74 per share. This compares with $1.112 billion, or $0.77 per share, last year.
Excluding items, Schlumberger Ltd. reported adjusted earnings of $1.016 billion or $0.74 per share for the period.
Analysts on average had expected the company to earn $0.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.5% to $8.546 billion from $9.139 billion last year.
Schlumberger Ltd. earnings at a glance (GAAP) :
-Earnings: $1.014 Bln. vs. $1.112 Bln. last year.-EPS: $0.74 vs. $0.77 last year.-Revenue: $8.546 Bln vs. $9.139 Bln last year.
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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.