Movement Alert|SLB Ltd Rises 6.31% in Regular Trading, Q2 Revenue and Earnings Both Beat Expectations

Market Focus
Jul 24

On July 24, SLB Ltd rose 6.31% in regular trading, trading at $50.5947/share, with turnover of $77.26 million.

On the news front, SLB released its Q2 fiscal report with revenue and earnings significantly exceeding market expectations. Q2 revenue reached $8.97 billion, surpassing the consensus estimate of $8.67 billion; adjusted EPS came in at $0.55, beating the expected $0.51 by approximately 7.8%; adjusted EBITDA was $1.90 billion, also above the $1.78 billion estimate.

Despite Middle East and Asia revenue declining 14% year-over-year to $2.57 billion due to geopolitical conflict-related operational disruptions, North America revenue surged 36% to $2.24 billion, effectively offsetting regional headwinds. The company maintained its full-year capital expenditure guidance at approximately $2.5 billion and noted its data center solutions business is on track to exceed $1 billion in annualized revenue by year-end, with projections to surpass $2 billion by the end of 2027.

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