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“We still see a fairly decent runway for increased international investments,” Chief Executive Officer Paal Kibsgaard said, citing higher new project approvals and a renewed interest in exploration outside North America. Second-quarter earnings per share will be 35 cents, in line with the Wall Street consensus estimate, said Kibsgaard. He cautioned seasonal factors would preclude the potential for exceeding that figure. Shares rose 1.8 percent to $48.27 in early trading, adding to the nearly 31 percent increase this year through Wednesday deakin and francis cufflinks.
Schlumberger previously forecast high single-digit percentage growth in international markets this year and a 10 percent year-over-year decline in onshore North American customer spending due to constraints on producer spending deakin and francis cufflinks. U.S. oil producers remain wary of boosting spending, despite record U.S. oil production and a recovery in crude oil prices, as they focus on earnings growth to pacify shareholders. Schlumberger’s cash flow from operations fell to $326 million in the first quarter, from $568 million a year earlier..
Net income declined to $421 million in the three months ended March 31, from $525 million a year earlier deakin and francis cufflinks. Earnings per share of 30 cents were in line with analysts’ average estimate, while revenue of $7.88 billion beat estimates of $7.81 billion, according to IBES data from Refinitiv. “We think Q1’ 19 marks the earnings trough for SLB, but we’ve still questions about what the margins trajectory for the company will look like as attractive international top-line growth finally starts to kick in,” Tudor, Pickering, Holt & Co analyst Byron Pope said..
TOULOUSE, France (Reuters) – Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signaling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX deakin and francis cufflinks. Scherer, who took on the top sales role in September, told Reuters that Airbus is seeing more demand for longer-range versions of roughly 200-seat planes previously used for medium-haul routes, blurring boundaries with bigger jets..
“We are selling increased range on the A321. People are telling us this is a great module, give me more range. (We say) we will give you the maximum range we can on the A321: how many would you like? That is what we are doing,” he said in his first substantial interview in his new role. Scherer’s remarks are the strongest indication yet that Airbus has quietly launched the A321XLR, a keenly awaited new version of its single-aisle plane that competes with the 737 MAX and could brush up against a proposed new Boeing mid-market jet deakin and francis cufflinks.