Investing.com - Schlumberger NV (NYSE:SLB) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.46 on revenue of $8.5B. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $8.6B. That compared to EPS of $0.42 on revenue of $7.91B in the same period a year earlier The company had reported EPS of $0.43 on revenue of $8.3B in the previous quarter.
For the year, Schlumberger shares are down 18.88%, under-performing the S&P 500 which is up 3.17% year to date.
Schlumberger follows other major Energy sector earnings this month
On Thursday, Petroleum Geo-Services ADR reported third quarter EPS of $-0.1 on revenue of $163.4M, compared to forecasts of EPS of $0 on revenue of $225.06M.
Resolute Energy earnings missed analyst's expectations on Thursday, with first quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $1.38 on revenue of $131.87M
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