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.
For comments and feedback: editorial@rttnews.com