Schlumberger SLB reported a 22% rise in its fourth-quarter net income.
Schlumberger's quarterly profit surged to $1.66 billion, or $1.26 per share, from a year-ago profit of $1.36 billion, or $1.02 per share. Excluding one-time items, it earned $1.35 per share.
Its revenue climbed 7.4% to $11.91 billion. However, analysts were expecting a profit of $1.32 per share on revenue of $11.99 billion.
Schlumberger shares closed at $88.61 yesterday.
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