Schlumberger reported a unexpected second-quarter loss of $2.16 billion, or $1.56 cents a share, compared with a profit of $1.12 billion, or 88 cents, a year earlier, according to a statement Thursday. The Houston- and Paris-based company was expected to post a $296.3 million profit, according to the average of 28 analysts’ estimates compiled by Bloomberg. The company also said it cut another 8,000 jobs in the second quarter after slashing a similar amount in the first three months of the year.
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Andy, I agree. How have you been keeping?
lol
And u call that profit? Laying off to save money isn't making money. But who understand lol