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Schlumberger: Q4 above estimates
(CercleFinance.com) - Schlumberger has published Q4 2017 adjusted net income of 668 million dollars, up 76% y-o-y.
EPS reached 48 cents, three cents above the consensus. Again relative to Q4 2016, the Houston-based oil services group improved its pre-tax operating by 272 basis points to 14.1%, with income up 15% at 8.2 billion dollars. Moreover, Schlumberger has announced a new multi-client 2D seismic project with TGS, in the Egyptian part of the Red Sea, with both companies having exclusive rights for a period of 15 years. Copyright (c) 2018 CercleFinance.com. All rights reserved. |
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