Schlumberger NV, now going by SLB, announced on Friday that its revenue in the third trimester of fiscal 2024 amounted to $9.16 billion, jumping 10% year over year.
In the reported quarter, on an annual basis, both earnings per share and net income grew 6%, reaching $0.83 and $1.2 billion respectively.
"SLB delivered strong third-quarter results, achieving earnings growth and margin expansion in line with our full-year adjusted EBITDA margin goal of 25% or higher. These results were achieved by our ongoing focus on cost optimization, greater adoption of our digital products and solutions, and the contribution of long-cycle projects in deep water and gas," CEO Olivier Le Peuch commented.
The company's shares were up 2.02% in the premarket following the release of the report.
