Schlumberger (NYSE: SLB) swung to a loss on a GAAP basis in the second quarter of 2020, hurt by the $3.7 billion of pretax restructuring and asset impairment charges. On an adjusted basis, the company reported a profit of 5 cents per share. Revenue declined 35% year-over-year to $5.36 billion.
SLB stock was down about 2% in the pre-marketing trading session.
“The conditions are set in the third quarter for a modest frac completion activity increase in North America, though from a very low base. Internationally, markets may continue to be disrupted by the pandemic and will continue to adjust to budget levels set during the second quarter, but this would be mostly offset by the seasonal return of activity in the Northern Hemisphere and the rebound of Latin America from its second-quarter weakness,” said CEO Olivier Le Peuch.
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth