11:41 am Schlumberger 6% Higher Following Earnings Results
Schlumberger (SLB $95.82 +5.24), the world's largest oilfield service company is trading higher today after report third quarter earnings results. However, the stock has been pulling back off of session highs.
The company reported third quarter earnings of $1.49 per share, which came in modestly better than expectations. On the top line, revenues rose 8.5% year/year to $12.6 billion, which came in as expected.
Strong activity in North America and robust growth in International Areas, led by Latin America and supported …More