Schlumberger says lower drilling activity to hit 4th-qtr profit

Fri Dec 14, 2012 8:26am EST

Dec 14 (Reuters) - Schlumberger Ltd, the world's largest oilfield services company, said fourth-quarter earnings would be hurt by weaker-than-expected drilling activity in North America and continued delays in contracts in Europe and Africa.

The combined impact on profit is estimated to be in the range of 5 cents to 7 cents per share in the fourth quarter, Schlumberger said in a statement.

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