Jim Cramer: Have Confidence in Schlumberger
Schlumberger should do well when it reports its 2016 third quarter earnings after Thursday's market close, says Jim Cramer.
Schlumberger (SLB) - Get Report should do well when it reports its 2016 third quarter earnings after Thursday's market close, says TheStreet's Jim Cramer. Wall Street is expecting earnings and revenue to fall year-over-year. Analyst surveyed by FactSet are looking for adjusted earnings of $0.22 a share on revenue of $7.1 billion. During the same quarter last year, the Houston-based oilfield services company earned $0.78 a share on revenue of $8.5 billion.
