THE HAGUE, Netherlands (AP) — Schlumberger NV (SLB) on Friday reported fourth-quarter net income of $538 million, after reporting a loss in the same period a year earlier.

The Hague, Netherlands-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share.

The results matched Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.

The world's largest oilfield services company posted revenue of $8.18 billion in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $8.06 billion.

Advertisement

For the year, the company reported net income of $2.14 billion, or $1.53 per share, swinging to a profit in the period. Revenue was reported as $32.82 billion.

Schlumberger shares have increased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 5 percent. The stock has declined 46 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLB at https://www.zacks.com/ap/SLB