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  • 标题:Schlumberger earnings up 56%
  • 作者:Christopher Martin Bloomberg News
  • 期刊名称:Journal Record, The (Oklahoma City)
  • 印刷版ISSN:0737-5468
  • 出版年度:1997
  • 卷号:Oct 20, 1997
  • 出版社:Journal Record Publishing Co.

Schlumberger earnings up 56%

Christopher Martin Bloomberg News

NEW YORK -- Schlumberger said its third-quarter net income rose 56 percent from the same quarter a year ago as the boom in the business of providing oil drilling equipment and services continued.

Schlumberger, based in New York, said net income was $357 million, or 72 cents a share, up from $229 million, or 47 cents in the year- ago quarter. The company was expected to earn 66 cents a share based on the average estimate of 21 analysts surveyed by IBES International.

"Another strong quarter in the oil field confirms the underlying strength of the industry," said Euan Baird, chairman and chief executive of Schlumberger. Operating revenue rose 21 percent to $2.74 billion, from $2.26 billion in the year ago quarter.

Copyright 1997
Provided by ProQuest Information and Learning Company. All rights Reserved.

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