SLB Q3 Adj. EPS $0.78 Beats $0.77 Estimate, Sales $8.31B Miss $8.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
SLB (NYSE:SLB) reported Q3 earnings of $0.78 per share, beating the analyst consensus estimate of $0.77 by 1.3 percent. This is a 23.81 percent increase over earnings of $0.63 per share from the same period last year. However, the company's quarterly sales of $8.31 billion missed the analyst consensus estimate of $8.33 billion by 0.24 percent, but still represents an 11.14 percent increase over sales of $7.48 billion the same period last year.
October 20, 2023 | 10:51 am
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SLB's Q3 earnings beat estimates and showed a significant YoY increase, but sales slightly missed estimates while also showing a YoY increase.
SLB's earnings beat and significant YoY increase are positive signs for the company's profitability, which could drive its stock price up. However, the slight miss on sales estimates could temper this positive impact somewhat.
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