BUZZ-SLB falls on lower quarterly profit

Reuters
07-18
BUZZ-SLB falls on lower quarterly profit

Updates

** Shares of oilfield services company SLB SLB.N fall ~2% to $34.03 in morning trade

** Company posts lower Q2 profit, as weaker drilling activity in Saudi Arabia and Latin America dragged its international business

** Q2 net attributable income to company, stood at $1.01 billion, or 74 cents/share, for the three months ended June 30, compared with $1.11 billion, or 77 cents/share a year earlier

** Company's posts Q2 international revenue of $6.85 billion, compared with $7.45 billion a year ago

** Q2 total revenue fell 6% to $8.55 billion from last year

** Company posts Q2 adjusted earnings per share of 74 cents vs est of 73 cents - data compiled by LSEG

** Including session's moves, stock down ~11% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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