SLB Q3 2024 Adj. EPS $0.89 Beats $0.88 Estimate, Sales $9.159B Miss $9.250B Estimate
Portfolio Pulse from Benzinga Newsdesk
SLB reported Q3 2024 earnings per share of $0.89, beating the estimate of $0.88, and a 14.1% increase from last year. However, sales were $9.159 billion, missing the $9.250 billion estimate, but still a 10.22% increase from last year.
October 18, 2024 | 10:53 am
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SLB's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
SLB's earnings per share beat expectations, which is positive for the stock. However, the sales miss could offset this positivity, leading to a neutral short-term impact. The year-over-year growth in both EPS and sales is a positive indicator for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100