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Schlumberger expects Russia sanctions to hurt earnings
August 12, 2014 / 12:25 PM / 3 years ago

Schlumberger expects Russia sanctions to hurt earnings

Aug 12 (Reuters) - Schlumberger Ltd, the world’s largest oilfield services company, said it expected U.S. and EU sanctions on Russia to hurt earnings by 3 cents per share in the third quarter.

Analysts on average expect the company to earn $1.51 per share in the quarter ending September, according to Thomson Reuters I/B/E/S.

The company, which drills with Rosneft on the Russian island of Sakhalin, said sanctions were restricting the engagement of people and equipment. (Reporting by Ashutosh Pandey in Bangalore; Editing by Don Sebastian)

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