Schlumberger Reports Q2 Earnings, CEO To Retire

Schlumberger SLB reported second-quarter earnings of 35 cents per share, which met the analyst consensus estimate. This is a 18.6% decrease over earnings of 43 cents per share from the same period last year.

The company reported quarterly sales of $8.269 billion, which beat the analyst consensus estimate of $8.11 billion by 1.96%. This is a 0.41% decrease over sales of $8.303 billion the same period last year.

Schlumberger shares are trading higher by 1.3% at $39.25 in Friday’s pre-market session. The stock has a 52-week high of $68.43 and a 52-week low of $34.46.

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