By Sarfaraz A. Khan and Gohar Yousuf
Schlumberger’s (NYSE:SLB) size, exposure to the international markets and technological capabilities gives it a competitive advantage that would translate into double digit EPS growth.
The world’s leading oilfield services firm, Schlumberger (SLB), continues to grow in the international and North American markets. The company has managed to increase its market share and has, once again, beaten the market’s expectations in its quarterly results, for the eighth time in a row. Unlike some of its other rivals, Schlumberger is truly a global player with significant representation in the international markets. The company is now eyeing increasing demand from the Middle East and Asia, particularly Saudi Arabia and Iraq.
In its previous quarterly results, Schlumberger reported revenue growth of 10.6% from last year to $11.61 billion while its earnings rose 20% to $1.71 billion, or $1.29 per share. The business managed to beat both top and bottom line consensus estimates by $30 million and $0.05 per share, respectively. The strong results came on the back of an impressive performance in the … read full article at GuruFocus.