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.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market||1.68%|
|DODGX||Dodge & Cox Stock||1.07%|
|DODFX||Dodge & Cox International Stock||1.01%|
The Bottom Line
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