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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Schlumberger Ltd | NYSE:SLB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.25% | 47.70 | 47.97 | 47.13 | 47.66 | 11,106,209 | 22:17:09 |
By Allison Prang
Schlumberger Ltd.'s (SLB) fourth-quarter profit fell as it reported an increase in various charges.
The company said Friday net income was $333 million, down 38% from the comparable quarter a year earlier. Earnings per share were 24 cents, down from 39 cents a share.
Adjusted earnings were 39 cents a share, up from 36 cents a share. Analysts polled by FactSet are expecting adjusted earnings of 37 cents a share
Revenue was $8.23 billion, up 0.6%. Analysts are expecting $8.16 billion in revenue.
The company recorded $456 million in impairment and other charges from items including restructuring in North America and workforce reductions. A year earlier, the company recorded $172 million in various charges.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
January 17, 2020 07:33 ET (12:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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