Investing.com - Schlumberger (NYSE:SLB) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.21 on revenue of $5.22B. Analysts polled by Investing.com anticipated EPS of $0.183 on revenue of $5.09B. .
For the year, Schlumberger shares are up 15.67%, outperforming the S&P 500 which is up 10.09% year to date.
Schlumberger follows other major Energy sector earnings this month
On Thursday, Valero Energy reported first quarter EPS of $-1.73 on revenue of $20.81B, compared to forecasts of EPS of $-1.56 on revenue of $18.58B.
Baker Hughes A earnings beat analyst's expectations on Wednesday, with first quarter EPS of $0.12 on revenue of $4.78B. Investing.com analysts expected EPS of $0.1113 on revenue of $4.8B
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