THE HAGUE, Netherlands (AP) _ Schlumberger NV (SLB) on Friday reported first-quarter profit of $279 million.
On a per-share basis, the The Hague, Netherlands-based company said it had profit of 20 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share.
The results met
The world's largest oilfield services company posted revenue of $6.89 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $6.98 billion.
Schlumberger shares have declined nearly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. The stock has decreased almost 6 percent in the last 12 months.
Keywords: Schlumberger, Earnings Report
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