Schlumberger: Q3 adjusted net income leaps 126%
(CercleFinance.com) - Schlumberger has reported Q3 revenue of 5.
8 billion dollars, up 11% from Q3 2020.
Meanwhile, adjusted EBITDA came in at 1.3 billion dollars, up 27% y-o-y.
Quarterly adjusted net income more than doubled to 514 million dollars (+126%) from 228 million dollars in Q3 2020, representing adjusted EPS of 0.36 dollar, instead of 0.16 dollar.
The recovery in demand, the level of oil prices and low inventory levels are all factors that lead the company to expect to end 2021 with strong momentum, which will pave the way for an exceptional growth cycle, it said.
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