Investing.com - Schlumberger (NYSE:SLB) reported third quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.16 on revenue of $5.26B. Analysts polled by Investing.com expected EPS of $0.12 on revenue of $5.41B. .
For the year, Schlumberger shares are down 59.15%, under-performing the S&P 500 which is up 7.82% year to date.
Schlumberger follows other major Energy sector earnings this month
On Friday, July 31, 2020, Phillips 66 Partners LP reported second quarter EPS of $1.05 on revenue of $430M, compared to forecasts of EPS of $0.73 on revenue of $361.25M.
GeoPark Ltd earnings beat analyst's expectations on Wednesday, with third quarter EPS of $0.28 on revenue of $88M. Investing.com analysts expected EPS of $0.19 on revenue of $26.5M
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