Schlumberger Limited announced on Friday that its revenue in the third quarter of the year saw an annual increase of 28%, going to $7.5 billion. The company's net income rose by 65% compared to the same quarter the previous year, reaching $907 million. Its diluted earnings per share (EPS) advanced by 62% over the same period to hit $0.67 per share.
"The second half of the year is off to a great start with strong third-quarter results that reflect the acceleration of international momentum and solid execution across our Divisions and areas. Sequentially, we delivered another quarter of double-digit revenue growth and margin expansion," Chief Executive Officer (CEO) Olivier Le Peuch said.
Following the release of its quarterly results, Schlumberger's shares went up by 0.22% in premarket trading.
