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.
Strong
Results
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.
