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What to Expect When Schlumberger (SLB) Reports Earnings Tomorrow

NEW YORK (TheStreet) -- Schlumberger (SLB - Get Report) is scheduled to announce its earnings results for the third quarter of 2015 after the market close on Thursday.

Houston-based Schlumberger is a technology, project management and information solutions provider for the oil and gas industries.

Analysts are expecting a year-over-year decline in earnings per share and revenue for the most recent quarter as the company faces falling commodities prices.

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Analysts have estimated for earnings of 77 cents per share on revenue of $8.56 billion for the latest quarter.

Last year, the company reported earnings of $1.49 per share on revenue of $12.65 billion for the third quarter of 2014.

In August, Schlumberger agreed to acquire oil and gas equipment maker Cameron International (CAM) in a $14.8 billion deal.

Schlumberger stock is rising by 0.31% to $74.87 in afternoon trading on Wednesday.

Separately, TheStreet Ratings team rates SCHLUMBERGER LTD as a Buy with a...