As the oil services company posted fourth-quarter adjusted earnings per share of 22 cents relative to a forecast of 18 cents, Schlumberger Limited (SLB) was steady at +0.91 percent on Friday to $24.41. There was $5.53 billion in quarterly revenues, up from an estimated $5.26 billion. Global sales increased sequentially by 5 percent as a result. Compared with the third quarter, after-adjustments, EPS rose by 37 percent. There was $878 million in quarterly cash flow from sales, while free cash flow was $554 million. A quarterly dividend in cash amounting to $0.125 per share was accepted.
The data storage technology and solutions provider, Seagate Technology plc (STX) fell -4.67% to $60 on the day. For its second fiscal year, the provider of information, entertainment, and communications services and products to individuals as well as businesses and governmental entities reported better-than-expected results, but the stock is suffering from too short guidance for the third fiscal quarter. The company expects sales of $2.65 billion for this period, plus or minus $200 million, against a $2.67 billion industry consensus. Adjusted earnings are forecast to be $1.30, plus or minus 15 cents for Q3, compared to a consensus of $1.31. The Cupertino group generated sales of $2.62 billion for the second quarter, down 3 percent year-on-year, relative to a forecast of 2.55 billion. Adjusted EPS dropped 4% from $1.1 to $1.29.
The rail-based freight transportation services provider, CSX Corporation (CSX) declined by -4.33% to $87.64. For the fourth fiscal quarter of $1.04, the U.S. rail company posted adjusted earnings per share relative to a forecast of $1 and a level of 99 cents a year ago. Community sales in the three months ended December totaled $2.83 billion, compared to $2.89 billion a year ago. Therefore, in terms of sales, the company met local opinion by 3 percent. Consolidated net income was $760 million per quarter and 99 cents per share, with an after-tax debt repayment fee of 5 cents per share.