Earnings Preview: Schlumberger

Published on Thursday, 19 January 2012 10:24 Written by Gerard Lerod

New York, January 19th (TradersHuddle.com) - Shares of Schlumberger Limited (NYSE:SLB) are trading higher by +2.70% ahead of its quarterly earnings release. Schlumberger, the provider of oilfield services to the international petroleum industry is expected to release its quarterly results on January 20^th.

Wall Street Analysts consensus calls for a profit of $1.09 a share on $10.8 billion revenue.

Schlumberger estimates have a range of $0.21 a share. The high estimate calls for profit of $1.18 a share and the low estimate is calling for a profit of $0.97 a share, a year ago for the quarter the company reported $0.85 a share.

Schlumberger Limited (NYSE:SLB), through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys. The company operates in two segments, Oilfield Services and WesternGeco. The Oilfield Services segment provides a range of exploration and production services required during the life of an oil and gas reservoir. The WesternGeco segment provides reservoir imaging, monitoring, and development services, as well as operates data processing centers, and multiclient seismic library.

Other companies on the watch on this earnings event are Halliburton Company NYSE:HAL and Baker Hughes Incorporated NYSE:BHI.