Schlumberger Ltd. Q4 Profit Increases, beats estimates

(RTTNews) - Schlumberger Ltd. (SLB) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $1.07 billion, or $0.74 per share. This compares with $0.60 billion, or $0.42 per share, in last year's fourth quarter.

Excluding items, Schlumberger Ltd. reported adjusted earnings of $1.03 billion or $0.71 per share for the period.

Analysts on average had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.5% to $7.88 billion from $6.23 billion last year.

Schlumberger Ltd. earnings at a glance (GAAP) :

-Earnings (Q4): $1.07 Bln. vs. $0.60 Bln. last year. -EPS (Q4): $0.74 vs. $0.42 last year. -Analyst Estimate: $0.68 -Revenue (Q4): $7.88 Bln vs. $6.23 Bln last year.