Tuesday, November 23, 2010

Schlumberger meets expectations

Schlumberger (which I used to say it is a local dish at the dinner) reported earnings for third quarter a few moments ago, and it seems that they hit the target of analysts.

According to card, "Slob" (traders call Slob after its symbol, PES) had to win 70 cents per share. Oil services giant said it earned 70 cents per share on a basic "adjusted", which is the new Word for "pro forma."Basically, the core business what he dislikes - charges, credits, one-spin-offs - and reports earnings after all these adjustments are deleted. Chest of drawers.

Anyway, the company reported $ 6.85 billion, is a gain of nice in the year - ago 5.43 billion in revenue.Fairly optimistic CEO Andrew Gould comings society on the report:

"We expect the fourth quarter to show continued strong activity in North America on the Mainland, but we do expect any quick return to drilling in deep water in the US Gulf of Mexico despite the lifting of the moratorium.Details of the new rules and obligations for which the activity will take place will be required before any significant increase was lieu.Nos restructuring efforts will continue to offer the margin improvements.

Outside North America, the delays induced by the effect of the Macondo wells are now be réabsorbés.Cela and recent oil price strength gives us some optimism that recovery overseas rates will accelerate légèrement.Le Russia normal seasonal decline will be present in the fourth quarter and the future of the Mexico operations remain uncertain until next year.

Looks set to open a little more today .Ses SLOB shares increased by 20% since the end of the month of August, if its had a good run.

Cocktail-party factoid for this weekend: formidable moratorium Mexico Gulf cost the company $ 2-3 cents exorbitant share.

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