Schlumberger Q2 Net Income Rises 33%; Shares Fall

Schlumberger SLB said its Q2 net income jumped 33% as deepwater drilling activity remained robust in areas other than the Gulf of Mexico. The Houston oil services company reported earnings of $818 million, or $0.68 per share, up from $613 million, or $0.51 per share, in the year-ago quarter. SLB’s revenue rose 7% to $5.94 billion. Analysts were expecting the company to post earnings of $0.68 per share on revenue of $5.92 billion. SLB falls 2.33% to $59.87 in pre-market. Read more from Benzinga's Company news.