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2 Months : From Jun 2019 to Aug 2019
By Aisha Al-Muslim
Schlumberger Ltd.'s (SLB) earnings results for the latest quarter met analysts' expectations, but the oil-field services company's revenue declined in North America, pushing sales to fall a bit year-over-year.
The Houston company reported Friday a profit for the second quarter of $492 million, or 35 cents a share, up from $430 million, or 31 cents a share, a year earlier.
Adjusted earnings were 35 cents a share, in-line with what analysts polled by FactSet were looking for.
Sales fell 0.4% year-over-year, to $8.27 billion, above the consensus forecast of $8.11 billion.
Schlumberger's North American revenue decreased 11% from a year ago, to $2.8 billion, while international revenue was up 8%, to $5.46 billion.
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(END) Dow Jones Newswires
July 19, 2019 07:31 ET (11:31 GMT)
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