Schlumberger Announces Second-Quarter 2017 Results
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July 24, 2017 7:22 AM EDT
Jefferies lowered its price target on Schlumberger (NYSE: SLB) to $80.00 (from $92.00) while maintaining a Buy rating. Analyst Brad Handler lowered estimates for 2018+, to reflect slower growth globally that can reasonably be expected from the psychology associated with lower oil prices.
Jefferies raised... More
July 21, 2017 7:05 AM EDT
Schlumberger Ltd. (NYSE: SLB) declared a quarterly dividend of $0.50 per share, or $2 annualized.
The dividend will be payable on October 13, 2017, to stockholders of record on September 6, 2017, with an ex-dividend date of September 1, 2017.
The annual yield on the dividend is 3 percent.
For a... More
July 21, 2017 7:01 AM EDT
Schlumberger Ltd. (NYSE: SLB) reported Q2 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.25 billion.
Revenue of $7.5 billion increased 8% sequentiallyPretax operating income of $950 million increased 25% sequentiallyGAAP loss...
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