Schlumberger Q2 EPS $0.50 Beats $0.39 Estimate, Sales $6.77B Beat $6.14B Estimate

Schlumberger (NYSE:SLB) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.39 by 28.21 percent. This is a 66.67 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $6.77 billion which beat the analyst consensus estimate of $6.14 billion by 10.31 percent. This is a 20.22 percent increase over sales of $5.63 billion the same period last year.