Schlumberger CEO Olivier Le Peuch Said To Expect Muted Revenue Growth In Q4 After Company Announced Steady $9.16B Revenue For Q3
Portfolio Pulse from Benzinga Newsdesk
Schlumberger's CEO, Olivier Le Peuch, announced that the company expects muted revenue growth in Q4, following a steady revenue of $9.16 billion in Q3.
October 18, 2024 | 2:04 pm
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Schlumberger reported a steady revenue of $9.16 billion for Q3 but expects muted revenue growth in Q4, as stated by CEO Olivier Le Peuch.
The announcement of steady Q3 revenue aligns with expectations, but the anticipation of muted growth in Q4 may lead to a neutral short-term impact on SLB's stock price. Investors might have already priced in the expected Q4 performance.
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RELEVANCE 100