Schlumberger Limited (NYSE:SLB) has announced the release of the first quarter financial results for 2010. The reported noted revenue of $5.60 billion for the quarter, compared to $5.74 billion for the previous year and $6.00 billion for the year ago period. The company’s income from operations was $747 million showing a 9% decrease and 20% year on year. The company’s diluted earnings per share from continuing operations were $0.62, excluding $0.06 of charges during the first quarter. The previous quarter noted diluted earnings per share were $0.62 and $0.67 for the year ago period.
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Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry. The Company operates in two business segments: Schlumberger Oilfield Services and WesternGeco. The Schlumberger Oilfield Services provides range of products and services from exploration to production. WesternGeco is an advanced surface seismic acquisition and processing company. In March 2010, the Company acquired Geoservices, a French oilfield services company.
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