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Schlumberger (SLB) Stock Falls in After-Hours Trading on Revenue Miss

NEW YORK (TheStreet) -- Schlumberger (SLB - Get Report) stock is down by 0.37% to $75.88 in after-hours trading on Thursday, after the company reported revenue that missed estimates for the third quarter of 2015. Earnings per share, however, surpassed expectations.

Revenue declined by 33% year-over-year to $8.47 billion for the quarter ended September 30, falling short of the $8.56 billion that analysts had expected, due to a decline in drilling activity.

The oilfield service company posted earnings of 78 cents per share, beating estimates by 1 cent.

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