SLB - How Did Schlumberger Perform In Q3? | Benzinga
Schlumberger N.V. (NYSE: SLB) reported a third-quarter FY23 revenue increase of 11% year-over-year to $8.31 billion, missing the consensus of $8.33 billion.
Revenue by Division: Digital & Integration $982 million (+9% Y/Y); Reservoir Performance $1.68 billion (+15% Y/Y); Well Construction $3.43 billion (+11% Y/Y), and Production Systems $2.37 billion (+10% Y/Y).
Adjusted EPS increased 24% Y/Y to $0.78, beating the consensus of $0.77.
Adjusted EBITDA was $2.08 billion for the quarter, an increase of 18% Y/Y, and margin expanded 155 bps to 25%.
The pretax segment operating margin expanded by 153 bps for the quarter to 20.3%.
Operating cash ...