What Schlumberger's Earnings Mean for Mutual Fund Investors (SLB)

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What Schlumberger's Earnings Mean for Mutual Fund Investors (SLB)

Shauna O'Brien Jan 16, 2015

Inside SLB’s Earnings

The company reported earnings of $302 million, or 23 cents per share, compared to $1.66 billion, or $1.26 per share, last year. Excluding special items, earnings were $1.50 per share – above analysts’ view of $1.50 per share.

Revenue came in at $12.64 billion, up from $11.90 billion, last year. Analysts expected to see $12.72 billion in revenue.

Performance Tied to Oil Prices

Despite its bounce this morning, shares might have a difficult time rising in the face of lower oil prices and analyst earnings estimates cuts.

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The Bottom Line

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