Schlumberger is trading at $51.87, up 4.67%, after reporting adjusted Q3 earnings above estimates.
- Adjusted Q3 earnings were $0.64 per share, versus the $0.62 estimate; revenue was $9.45 billion, ahead of expectations.
- Middle East and Asia revenue rose 9% sequentially, while North America revenue reached $2.40 billion. Management cited increasing momentum across Core, Digital, and Data Center Solutions and a compelling 2027 outlook; the earnings beat was the clearest company-specific catalyst for the October 23 move.