SLB Q2 EPS $0.72 Beats $0.71 Estimate, Sales $8.10B Miss $8.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
SLB (NYSE:SLB) reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.71 by 1.41%. However, the company's quarterly sales of $8.10 billion missed the analyst consensus estimate of $8.22 billion by 1.47%. This represents a 44% increase in earnings and a 19.58% increase in sales compared to the same period last year.
July 21, 2023 | 10:54 am
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SLB's Q2 earnings beat estimates but sales missed, indicating mixed performance. Earnings increased by 44% YoY, while sales increased by 19.58% YoY.
SLB's earnings beat estimates, which is positive for the stock. However, the miss on sales could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100