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The company squeaked out another earnings beat Thursday after markets closed despite revenue declines in all of its operating regions including North America, but analysts are content with the results.
A larger-than-expected crude oil stockpile drawdown saw the commodity soar to one-year highs Wednesday, and with it came an energy industry longing for a comeback.
Oilfield services executives are likely to come out bullish this week, but investors should note a rebound is not underway until these companies start hiring and spending money on equipment.