SLB Q1 2024 Adj. EPS $0.75, Inline, Sales $8.707B Beat $8.688B Estimate
Portfolio Pulse from Benzinga Newsdesk
SLB reported Q1 2024 earnings of $0.75 per share, meeting analyst estimates and marking a 19.05% increase from last year. Sales reached $8.707B, slightly above estimates and showing a 12.55% increase from the previous year.
April 19, 2024 | 10:55 am
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SLB met Q1 2024 EPS estimates at $0.75, a 19.05% YOY increase, and sales of $8.707B exceeded estimates, up 12.55% YOY.
Meeting EPS estimates and slightly beating sales forecasts indicates strong financial health and operational efficiency. The year-over-year growth in both earnings and sales suggests a positive trend that could bolster investor confidence and potentially lead to a short-term uptick in SLB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100