Schlumberger Preview: Revenue Seen Growing For First Time In Two Years

Schlumberger (SLB) is expected to report its first year-over-year revenue growth in nine quarters when it announces first-quarter results Friday, as the rebound in oil prices lifts drilling activity.

But the energy sector's recovery has been uneven, and analysts expect the oilfield service provider's earnings to fall 37.5% to 25 cents per share, while revenue is seen rising 7.3% to $6.99 billion.

"It's going to be a tale of two markets" for Schlumberger international vs. U.S., said Kevin...

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