By Market News Video Staff, Friday, October 22, 8:03 AM ET
Schlumberger Limited (NYSE:SLB) posted third-quarter revenue of $6.85 billion versus $5.43 billion in the third quarter of 2009, ahead of analyst expecations.
Diluted EPS was up substantially at $1.38 versus $0.65 in the third quarter of 2009. Excluding charges and credits, diluted EPS was $0.70, also ahead of Wall street estimates.
Year-to-date, SLB has had a total return of -0.5%, but in the last three month the stock has been up about 8.5%
Using ETFChannel.com's ETF Finder, several ETFs have a high level of exposure to Schlumberger and the oil services sector. The Oil Services HOLDRs (AMEX:OIH) has about 18% in SLB, the iShares Dow Jones U.S. Oil Equipment & Services Index Fund (AMEX:IEZ) has more than 17% in Schlumberger, and the Energy Select SPDR Fund (AMEX:XLE) has more than 7% in SLB.
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