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One of the world's largest oilfield services companies Schlumberger recorded a net profit of $430 million in the second quarter compared to a loss of $74 million a year earlier. Adjusted earnings were 43 cents per share, compared to 35 cents per share for the same period last year. The indicator exceeded the forecasts of the experts who had expected it at the level of 42 cents per share. Revenue increased by 11% to 8 billion 303 million dollars. Analysts had expected the figure at 8 billion 360 million dollars. Revenue from operations increased in North America by 43%, in Europe, in Africa and CIS states - by 2%, in the Middle East - by 1%. In Latin America, the indicator fell by 12%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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