Investing.com - Schlumberger (NYSE:SLB) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.25 on revenue of $7.46B. Analysts polled by Investing.com expected EPS of $0.26 on revenue of $7.61B. That compared to EPS of $0.3 on revenue of $7.88B in the same period a year earlier. The company had reported EPS of $0.39 on revenue of $8.23B in the previous quarter.
For the year, Schlumberger shares are down 65.05%, under-performing the S&P 500 which is down 13.72% year to date.
Schlumberger follows other major Energy sector earnings this month
On Tuesday, March 31, 2020, Tatneft ADR reported first quarter EPS of $2.5 on revenue of $3.08B, compared to forecasts of EPS of $3.34 on revenue of $4.26B.
BP Midstream Partners earnings missed analyst's expectations on Monday, March 23, 2020, with first quarter EPS of $0.39 on revenue of $32.95M. Investing.com analysts expected EPS of $0.41 on revenue of $34.24M
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