Actionable news
0
All posts from Actionable news
Actionable news in SLB: SCHLUMBERGER LIMITED,

Foreign Currency Headwinds Could Stymie Schlumberger This Quarter

Schlumberger (NYSE:SLB) announces Q3 earnings after-hours on Thursday. Analysts expect revenue of $8.55 billion and EPS of $0.77. The revenue estimate is 5% off the $9.01 billion the company generated in Q2. The following are key items investors should focus on during the quarter:

Foreign Currency Headwinds

North America has been the black swan for the oilfield services sector over the past few quarters. Schlumberger's robust foreign operations have been a big selling point, as they have allowed the company to be less reliant on North America. That could change this quarter. Capital flight from emerging markets has hurt emerging markets' currencies and further strengthened the dollar, which has become a safe haven. The currencies of Brazil (down 39% Y/Y), Russia (down 45%), South Africa (down...


More