UPDATE: Schlumberger Reports 64% Surge In Q2 Net Income

Schlumberger Ltd SLB reported a 64% rise in its second-quarter net income. Schlumberger's quarterly profit surged to $1.34 billion, or $0.98 per share, from $818 million, or $0.68 per share, in the year-ago period. Schlumberger's earnings from continuing operations came in at $0.87 per share. Its revenue jumped to $9.62 billion from $5.94 billion. However, analysts were expecting earnings of $0.85 per share on revenue of $9.19 billion. Schlumberger shares gained 0.04% to $91.00 in pre-market trading.