THE HAGUE, Netherlands (AP) — THE HAGUE, Netherlands (AP) — SLB LTD (SLB) on Friday reported second-quarter profit of $786 million.
On a per-share basis, the The Hague, Netherlands-based company said it had profit of 52 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to 55 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The world’s largest oilfield services company posted revenue of $8.97 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $8.72 billion.
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