Investing.com - Schlumberger (NYSE:SLB) reported second quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.05 on revenue of $5.36B. Analysts polled by Investing.com forecast EPS of $-0.01 on revenue of $5.39B. .
For the year, Schlumberger shares are down 51.99%, under-performing the S&P 500 which is up 0.15% year to date.
Schlumberger follows other major Energy sector earnings this month
On Friday, Equinor ADR reported second quarter EPS of $-0.06 on revenue of $8.04B, compared to forecasts of EPS of $0.34 on revenue of $9.34B.
Suncor Energy earnings missed analyst's expectations on Wednesday, with second quarter EPS of $-0.73 on revenue of $3.17B. Investing.com analysts expected EPS of $-0.51 on revenue of $3.5B
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