Schlumberger shares rose 2.7% in pre-market trading as the oil company reported higher-than-expected second-quarter earnings amid high oil prices and upgraded its full-year guidance. The French company reported net income of $959 million, or 67 cents per share, for the quarter, up from $510 million, or 36 cents per share, a year ago. Revenue rose […]
Tag: Schlumberger
Upcoming Week: Major Earnings Reports & IPOs
The newly proposed economic stimulus package brings optimism to the market. Netflix, Intel, and Schlumberger will be posting fourth-quarter earnings this week while several companies are set to go public including MYT Netherlands that aims to raise $266 million.