Schlumberger Q3 Earnings: Mixed Results As Middle East Shines And Latin America Falters
Portfolio Pulse from Akanksha Bakshi
Schlumberger reported mixed Q3 results with revenue growth in the Middle East, Asia, and offshore North America, but a decline in Latin America. Revenue missed expectations, but EPS beat estimates. Shares are trading lower.
October 18, 2024 | 1:08 pm
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Schlumberger's Q3 earnings report showed mixed results with revenue growth in some regions but an overall miss on expectations. EPS exceeded estimates, but shares are trading lower.
Schlumberger's revenue growth in the Middle East and Asia was offset by declines in Latin America, leading to a revenue miss. Despite an EPS beat, the market reacted negatively, causing shares to trade lower.
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