SLB Surpasses Earnings Expectations Amid Strong Activity Outside Middle East
Schlumberger (NYSE: SLB) surged by 10.4% in Friday's trading, becoming one of the top gainers on the S&P 500 index after exceeding Wall Street expectations for its second-quarter adjusted earnings. The company attributed this performance to strong activity outside regions affected by Middle East war disruptions. Schlumberger also announced that it expects third-quarter revenue to grow between 3% and 4% quarter-over-quarter, signaling continued momentum in the energy sector despite ongoing geopolitical tensions.
Tickers: $SLB