Schlumberger Q4 profit rises

viernes 18 de enero de 2008 12:22 CET

Jan 18 (Reuters) - Schlumberger Ltd (SLB.N: Cotización), the world's largest oilfield services firm, said its fourth-quarter profit rose 22 percent, helped by strong demand for its services in Asian and Latin American markets.

Profit in the quarter was $1.38 billion, or $1.12 per share, compared with $1.13 billion, or 92 cents per share, a year earlier. Excluding items, the company earned $1.11 per share. Revenue climbed to $6.25 billion from $5.35 billion.

Analysts on average had expected Schlumberger to report a profit of $1.13 per share, before items, on revenue of $6.1 billion, according to Reuters Estimates. (Reporting by John Tilak in Bangalore; Editing by Pratish Narayanan)