Top US oilfield services firm SLB beats quarterly profit estimates

SLB beat Wall Street expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top U.S. oilfield services firm ride out weakness in the Middle East due to the Iran war.

The company posted an adjusted profit of 55 cents per share for the quarter ended June 30, compared with analysts' estimate of 51 cents, according to data compiled by LSEG.