Trouble Continues in Oilfield Services (SII, HAL, WFT, SLB)

[24/7 Wall St.]

24/7 Wall St. Daily News

Well drilling and completion services just aren’t paying off for anyone this reporting season. Smith International Inc. (NYSE:SII) reported diluted EPS of $0.44 on revenues $2.41 billion. After deleting a restructuring charge of $34.8 million, EPS reaches $0.52. First quarter 2008 EPS was $0.87 on $2.37 billion in revenue.Like its brethren oilfield services providers Halliburton [...]

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