These Analysts Slash Their Forecasts On Schlumberger Following Q3 Earnings

Schlumberger N.V. (NYSE:SLB) reported mixed third-quarter results on Friday.

Revenue grew 10.2% year over year to $9.159 billion, missing the consensus of $9.25 billion. Adjusted EPS increased 14% to 89 cents, above the consensus of 88 cents.

"This performance was achieved despite an environment where short-cycle activity growth softened, and some international producers exercised cautious spending triggered by lower oil prices and ample global supply, while land activity in the U.S. remained subdued," commented SLB CEO Olivier Le Peuch.

Adjusted EBITDA was $2.34 billion for the quarter, an increase of 12.6% Y/Y, and margin expanded 54 bps to 25.6%. The pretax segment operating margin expanded by ...