Schlumberger beats the profit consensus





Photo credit © Reuters

(Boursier.com) — Schlumberger , an oil services giant, rose ahead of the stock market on Wall Street. The Houston group posted net income of $601 million or 42 cents per share in its fourth fiscal quarter, compared to $374 million a year earlier. Adjusted earnings per share were 41 cents, versus the FactSet consensus of 39 cents. Revenues climbed 13% to $6.22 billion, from $5.53 billion a year earlier and FactSet consensus $6.08 billion. Regarding the outlook, the group notes that the fundamentals of the industry are very favorable for this year, due to robust anticipated demand, tight supply and increased oil prices. This trend should benefit North America and international markets.


©2022 Boursier.com





Source link -87