From Financial Modeling Prep: 2025-04-25 09:19:00

Schlumberger (NYSE:SLB) saw shares drop over 2% in premarket trading after reporting first-quarter results below analyst expectations. Adjusted earnings were $0.72 per share, missing the consensus estimate of $0.74. Revenue fell 3% to $8.49 billion, below the forecasted $8.64 billion.

CEO Olivier Le Peuch noted mixed regional performance, with gains in some areas offset by slowdowns elsewhere. Despite challenges, adjusted EBITDA margins increased to 23.8%. Digital services revenue surged 17% due to demand for AI-driven tools.

Schlumberger plans to return at least $4 billion to shareholders in 2025 through dividends and buybacks, reaffirming its commitment to investors.



Read more at Financial Modeling Prep:: Schlumberger Slips 2% Following Q1 Miss