US Stock Market Move | SLB (SLB.US) rises nearly 7%, Q3 production systems revenue up 15% year-over-year.

On Friday, SLB (SLB.US) rose nearly 7% to $52.94. According to its financial report, in the third quarter, SLB's total revenue was approximately $9.449 billion, up 5% quarter-over-quarter and 6% year-over-year; adjusted earnings per share (Adjusted EPS) were $0.64, beating the market expectation of $0.62, and revenue also exceeded the consensus estimate of approximately $9.27 billion. The company's net income attributable to shareholders in the third quarter was $735 million; adjusted EBITDA was $2.067 billion, with a margin of 21.9%, up 71 basis points quarter-over-quarter. Production Systems was SLB's main source of performance growth in the third quarter, with segment revenue of approximately $4 billion, up 15% year-over-year; Well Construction and Reservoir Performance revenue were $2.888 billion and $1.634 billion, respectively, both up 5% quarter-over-quarter and down 3% year-over-year. Middle East business grew 13% quarter-over-quarter but was still down 12% year-over-year.