SLB Must Have A Good Report; Up Nicely On An Otherwise Flat Day

I haven't seen the report yet; just the share price -- but must have been good.....

... so here it is.....

... headline..... earnings "surge past estimates."   Wow!  Wow! Wow! Do-ha-ha-ha!

From Wall Street Cheat Sheet:

Schlumberger Limited  exceeded Wall Street analyst estimates on both the top and bottom line. Both wins are positive signs to shareholders seeking to preserve their confidence in the company’s performance. Shares are up 0.72%.

Disclaimer: this is not an investment site; don't make any investment decisions based on what you read here. I have owned SLB "forever." One of the first companies I ever invested in. Will hold forever and pass on to my granddaughters. I learned to love the French when I bought shares in this company. Smile. I have no intention of buying any more shares in the near future except through dividend reinvestment. I am overweighted in energy as it is.

Elsewhere on Schlumberger at HBJ Morning Call:

Full-year 2012 revenue increased to $42.15 billion, up from $36.96 billion in 2011. Analysts polled by Thomson Reuters had predicted revenue of $42.35 billion.

For the fourth quarter, revenue was $11.17 billion, compared to $10.3 billion in the same quarter a year earlier. Analysts had estimated revenue of $10.82 billion.

Net income for the quarter was $1.37 billion, or $1.02 per share, down from $1.41 billion, or $1.05 per share, in the fourth quarter of 2011. Excluding charges and credits, Schlumberger reported diluted earnings per share of $1.08, down from $1.10 a year earlier. Analysts had predicted earnings per share of $1.07.