Schlumberger shares tick higher as results top Street view
Schlumberger NV shares rose slightly as the oil-industry services company topped Wall Street estimates for the quarter. Schlumberger reported adjusted second-quarter earnings of 23 cents a share, or a loss of $1.56 a share unadjusted. Revenue fell to $7.16 billion from $9.01 billion a year ago. Analysts surveyed by FactSet had estimated adjusted earnings of 21 cents a share on revenue of $7.13 billion. Schlumberger shares rose 0.7% to $80.61 after hours.
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