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SLB Schlumberger Ltd

47.70
0.12 (0.25%)
After Hours
Last Updated: 22:17:09
Delayed by 15 minutes
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

Schlumberger's Profit Falls, Company Logs $456 Million in Charges

17/01/2020 12:48pm

Dow Jones News


Schlumberger (NYSE:SLB)
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From May 2019 to May 2024

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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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