How Did Schlumberger Perform In Q3?
Portfolio Pulse from Akanksha Bakshi
Schlumberger N.V. (NYSE:SLB) reported an 11% YoY increase in Q3 FY23 revenue to $8.31 billion, missing the consensus of $8.33 billion. Adjusted EPS increased 24% YoY to $0.78, beating the consensus of $0.77. The company also reported an 18% YoY increase in adjusted EBITDA to $2.08 billion. SLB repurchased 2.6 million shares at an average price of $57.46 per share for a total purchase price of $151 million. The company's Board of Directors approved a quarterly cash dividend of $0.25 per share.
October 20, 2023 | 12:45 pm
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Schlumberger's Q3 FY23 results show mixed performance with revenue missing consensus but EPS beating expectations. The company also announced a quarterly cash dividend.
Schlumberger's Q3 FY23 results show a mixed performance with revenue missing consensus but EPS beating expectations. This could lead to uncertainty among investors, potentially impacting the stock price. The announcement of a quarterly cash dividend could provide some positive sentiment.
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