SLB gains on second-quarter profit beat
SLB•Shares rise after second-quarter profit beat
Shares of U.S. oilfield services firm SLB were up 2.5% at $48.42 in premarket trading.
- SLB beat second-quarter profit expectations, helped by resilient demand across key markets.
- The company posted Q2 adjusted profit of 55 cents per share, compared with analysts' estimate of 51 cents, according to LSEG-compiled data.
- SLB's quarterly revenue in North America rose 36% to $2.24 billion.
- Quarterly revenue in Latin America came in at $1.71 billion, compared with $1.53 billion the previous year.
- However, Middle East and Asia revenue dropped 16% to $2.57 billion during the quarter.
- Total revenue came in at $8.97 billion, compared with $8.54 billion a year earlier.
- As of the last close, the stock was up 23% year to date.
