Oilfield services giant SLB beats second-quarter profit estimates


News wire — SLB beat analysts’ estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its equipment, wrapping up upbeat earnings from the world’s top oilfield services providers.

The company, formerly called Schlumberger, reported a net income, excluding items, of 72 cents per share, for the three months ended June 30, compared with analysts’ average estimate of 71 cents per share, according to Refinitiv data. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)- Reuters



This article was originally posted at sweetcrudereports.com

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