Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the fourth quarter of 2023, reporting higher revenues and earnings.
- Fourth-quarter revenue increased 14% year-over-year to $8.99 billion, and rose 8% sequentially
- Adjusted earnings, excluding charges and credits, came in at $0.86 per share, up 21% YoY
- On an unadjusted basis, earnings per share moved up 4% annually to $0.77 during the three months
- The company ended the quarter with cash flow from operations of $3.02 billion and free cash flow of $2.28 billion
- The board of directors approved a 10% increase in quarterly cash dividend to $0.275 per share
- During the quarter, the company repurchased 1.8 million shares at an average price of $54.46 per share
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
