Schlumberger Q3 Earnings: Mixed Results As Middle East Shines And Latin America Falters

Schlumberger N.V. (NYSE:SLB) shares are trading lower after the company reported mixed third-quarter results. Revenue grew 10.2% year over year to $9.159 billion, missing the consensus of $9.25 billion.

SLB stated that revenue increased in the Middle East, Asia, and offshore North America but was counterbalanced by a decline in Latin America, with Europe and Africa remaining stable.

Adjusted EPS increased 14% to 89 cents, above the consensus of 88 cents.

Revenue by Division: Digital & Integration $1.09 billion (+11% Y/Y); Reservoir Performance $1.823 billion (+9% Y/Y); Well Construction $3.312 billion (-3% Y/Y), and Production Systems $3.103 billion (+31% Y/Y).

International revenue grew 12% year ...