Schlumberger Q4 Preview: Expect Earnings Growth, Tough Outlook

While we do not expect the current oil pricing environment to have worked its way into Schlumberger's earnings yet, given the long planning horizons and contract-driven nature of the services industry, the company's near-term outlook does look challenging. We expect the company?s adjusted earnings for the quarter to increase on a year-over-year basis, driven by higher activity in Asia-Pacific and the United States. However, the company's GAAP earnings will be impacted by a pretax write-down of $...