Schlumberger's Profit Falls, Company Logs $456 Million in Charges
17 Januar 2020 - 1:48PM
Dow Jones News
By Allison Prang
Schlumberger Ltd.'s (SLB) fourth-quarter profit fell as it
reported an increase in various charges.
The company said Friday net income was $333 million, down 38%
from the comparable quarter a year earlier. Earnings per share were
24 cents, down from 39 cents a share.
Adjusted earnings were 39 cents a share, up from 36 cents a
share. Analysts polled by FactSet are expecting adjusted earnings
of 37 cents a share
Revenue was $8.23 billion, up 0.6%. Analysts are expecting $8.16
billion in revenue.
The company recorded $456 million in impairment and other
charges from items including restructuring in North America and
workforce reductions. A year earlier, the company recorded $172
million in various charges.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
January 17, 2020 07:33 ET (12:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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