SLB (SLB) says Q1 revenue will be lower than expected, and the company expects to incur additional costs resulting in an impact of approximately 6-9 cents of earnings per diluted share for the first quarter

SLB (SLB) says Q1 revenue will be lower than expected, and the company expects to incur additional costs resulting in an impact of approximately 6-9 cents of earnings per diluted share for the first quarter.

Schlumberger (SLB) has indicated that its Q1 revenue will fall short of expectations, coupled with anticipated additional costs that may reduce earnings by approximately 6-9 cents per diluted share. This miss could signal a challenging operating environment in the oil and gas sector and might lead to downward pressure on the stock, while potentially raising concerns among investors regarding the broader energy equipment and services market.