Schlumberger Beats Analysts’ Estimates as Oil Market Turns Up

Schlumberger Ltd. surpassed fourth-quarter profit expectations as the oilfield-services sector emerged from its worst downturn in almost a decade.

Excluding certain items, Schlumberger reported profit of 48 cents a share, according to a statement Friday, better than the 44-cent average of 33 analysts’ estimates compiled by Bloomberg.

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