- Schlumberger
- Halliburton
- National Oilwell Varco
- Baker Hughes (acquired BJ Services in 2010)
- Williams Partners L.P.
Motley Fool: Oil service industries is where you need to be.
Schlumberger, the oilfield services giant chalked up revenue for the second quarter of the year of $9.62 billion, versus $5.94 billion for the second quarter of 2010. That, for those of you who are keeping tabs, amounts to a 62% year-over-year leap. Income from continuing operations sans charges was $1.34 billion, a 45% year-on-year improvement from $818 million. Earnings per share reached $0.98, compared with $0.68 for the same quarter in 2010. The company roundly beat the Wall Street consensus of $0.85 per share.By the way, did you see BHI's earnings?
The company’s earnings of 93 cents a share inched passed the Zacks Consensus Estimates by 2 cents, but showed a dramatic improvement from 23 cents earning a year ago.Had they increased their earnings from 23 cents to 46 cents that would have been a 100% increase. Doubling that 46 cents takes time to 92 cents, and BHI earned a penny more than that. Buying BJ Services in 2010 looks really, really good in hindsight. This is BHI's fifth consecutive quarter of double-digit revenue growth.
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