Schlumberger stock falls after profit matches expectations but revenue misses

Published: Oct. 22, 2021 astatine 7:07 a.m. ET

Shares of Schlumberger Ltd. slumped 0.9% successful premarket trading Friday, aft the lipid services institution reported a third-quarter nett that matched expectations but gross roseate missed, but provided an upbeat outlook lipid and state demand. The institution swung to nett income of $550 million, oregon 39 cents a share, from a nonaccomplishment of $82 million, oregon 6 cents a share, successful the year-ago period. Excluding nonrecurring items, adjusted net per stock much than doubled to 36 cents from 16 cents, compared with the FactSet statement of 36 cents. Revenue grew 11.2% to $5.85 billion, beneath the FactSet statement of $5.15 billion. Among business...