Schlumberger

(SLB) - Get Schlumberger NV Report

reported fourth-quarter earnings Thursday that were up 78% from a year ago, matching Wall Street's expectations.

The New York-based provider of oilfield services, earned $238 million, or 41 cents a share, in the quarter, matching the consensus estimate of 29 analysts polled by

First Call/Thomson Financial

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In last year's fourth quarter, Schlumberger says it earned 27 cents a share.

Revenue for the quarter was $2.69 billion, up 23% over the year-ago period.

At midday, Schlumberger was trading at $73.56, down 3.84% from yesterday's $76.50 close.