Schlumberger Crushes Q4 Estimates, Hikes Dividend

Schlumberger Limited (SLB) reported adjusted fourth quarter earnings of $0.85 per share on $9.07 billion in revenue this morning, easily topping Wall Street’s expectations. The company also raised its dividend by 19%, pushing its quarterly payout up to $0.25 per share. Analysts were expecting a profit of $0.77 per share and $8.70 billion in sales. [...]