10/22/2021, 12:56 PM (Source: TeleTrader)
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Schlumberger Q3 revenue at $5.85B, rises 11% YoY

Schlumberger Limited announced on Friday that its revenue for the third quarter reached $5.85 billion, increasing 4% compared to the previous quarter and 11% year-on-year.

The company's net income rose to $550 from $431 million, accounting for a quarterly increase of 28%. Additionally, the company's diluted earnings per share (EPS) rose by 30% compared to the previous quarter, to reach $0.39.

"We started the second half of the year with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow performance," Schlumberger Chief Executive Officer Olivier Le Peuch said about the results.

Baha Breaking the News (BBN) / TT