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

|

Schlumberger logo
After the closing bell on Thursday, Schlumberger (SLB) released its fourth quarter financial results. Here’s what the report means for mutual fund investors.

Inside SLB’s Earnings

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
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

Excluding its gains from Thursday’s upbeat earnings release, shares of SLB have underperformed in 2015. The stock rose about 4.5% during Friday morning trading due to its earnings release and the announcement that the company will cut 9,000 jobs. SLB also announced that is has boosted its dividend by 25%.

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

Investors interested in SLB may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
{% mutualfund VTSMX %} Vanguard Total Stock Market 1.68%
{% mutualfund DODGX %} Dodge & Cox Stock 1.07%
DODFX Dodge & Cox International Stock 1.01%

The Bottom Line

The funds listed above allow investors to gain exposure to Intel while remaining diversified. Investors interested in SLB may also be interested in Halliburton (HAL) and Baker Hughes (BHI).

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Schlumberger logo

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

Shauna O'Brien

|

After the closing bell on Thursday, Schlumberger (SLB) released its fourth quarter financial results. Here’s what the report means for mutual fund investors.

Inside SLB’s Earnings

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
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

Excluding its gains from Thursday’s upbeat earnings release, shares of SLB have underperformed in 2015. The stock rose about 4.5% during Friday morning trading due to its earnings release and the announcement that the company will cut 9,000 jobs. SLB also announced that is has boosted its dividend by 25%.

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

Investors interested in SLB may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
{% mutualfund VTSMX %} Vanguard Total Stock Market 1.68%
{% mutualfund DODGX %} Dodge & Cox Stock 1.07%
DODFX Dodge & Cox International Stock 1.01%

The Bottom Line

The funds listed above allow investors to gain exposure to Intel while remaining diversified. Investors interested in SLB may also be interested in Halliburton (HAL) and Baker Hughes (BHI).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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