Schlumberger Swings to 4Q Profit, Led by North American Sales
18 Janeiro 2019 - 11:09AM
Dow Jones News
By Kimberly Chin
Schlumberger Ltd. (SLB) swung to a profit in the fourth quarter,
driven by improved sales from North America.
The oil field-services giant reported net income of $538
million, or 39 cents a share, compared with a loss of $2.26
billion, or a loss of $1.63 a share, a year ago. Excluding one-time
items, the company reported a profit of 36 cents a share. Analysts
polled by Refinitiv had expected 36 cents a share on a reported and
adjusted basis.
Revenue was flat at $8.18 billion from a year ago, compared with
analysts' projections of $8.04 billion in revenue,
Production revenue rose 17% to $12.4 billion and drilling
revenue rose 10% to $9.3 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 18, 2019 07:54 ET (12:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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