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Schlumberger’s revenue is down from two years ago, but margins are rising.
Bertrand Guay/AFP via Getty Images
A particularly strong quarter for oil-and-gas companies means the bar is higher for companies reporting earnings. Schlumberger appears to have leapt the hurdle with room to spare.
The largest oil-services company in the world posed a surprise beat and raise quarterly result, according to Coker Palmer analyst Vaibhav Vaishnav. Technically, all earnings beats are surprises, but this one was impressive enough to move the stock. Profits exceeded forecasts by a bigger percentage than at either Halliburton (HAL) or Baker Hughes (BKR), which reported earlier in the week, Vaishnav noted.
Schlumberger (SLB) opened …
Read the full article at: https://www.barrons.com/articles/schlumberger-earnings-revenue-margins-stock-51627054276