Schlumberger (NYSE:SLB) reported its Q3 earnings results on Friday, October 22, 2021 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Schlumberger beat their estimated earnings by 20.0%, which surprised analysts.
Revenue was up $589,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 1.54% increase in the share price the next day.
Here’s a look at Schlumberger’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.19 | 0.17 | 0.12 |
| EPS Actual | 0.30 | 0.21 | 0.22 | 0.16 |
| Revenue Estimate | 5.50B | 5.09B | 5.25B | 5.38B |
| Revenue Actual | 5.63B | 5.22B | 5.53B | 5.26B |
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