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Schlumberger Q3 Earnings Beat Estimates Despite Yearly Declines

Schlumberger Q3 Earnings Beat Estimates Despite Yearly Declines

Author:

Global Cryptocurrency

Published:

2025-10-17 13:33:02

22

3

BTCCSquare news:

Schlumberger (SLB) shares ROSE Friday after the energy technology firm surpassed Wall Street's Q3 earnings expectations. The company reported adjusted EPS of 83 cents, outperforming the 66-cent consensus estimate, though marking a 6.74% decrease from the year-ago period's 89 cents.

Revenue came in at $8.93 billion, narrowly exceeding analysts' $8.92 billion projection but representing a 2.62% decline from prior-year results. Market reaction remained positive despite these yearly contractions, suggesting investors are rewarding the earnings beat amid challenging energy sector conditions.

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