Schlumberger (NYSE: SLB) reported earnings on July 20. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Schlumberger met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved.

Gross margins improved, operating margins increased, net margins dropped.

Revenue details
 Schlumberger booked revenue of $10.45 billion. The 18 analysts polled by S&P Capital IQ predicted sales of $10.43 billion on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $9.62 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.05. The 27 earnings estimates compiled by S&P Capital IQ averaged $1.00 per share. GAAP EPS of $1.05 for Q2 were 7.1% higher than the prior-year quarter's $0.98 per share. (The prior-year quarter included $0.16 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 22.2%, 160 basis points better than the prior-year quarter. Operating margin was 18.5%, 220 basis points better than the prior-year quarter. Net margin was 13.4%, 50 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $10.89 billion. On the bottom line, the average EPS estimate is $1.08.

Next year's average estimate for revenue is $43.67 billion. The average EPS estimate is $4.26.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,993 members out of 3,068 rating the stock outperform, and 78 members rating it underperform. Among 611 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 597 give Schlumberger a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schlumberger is outperform, with an average price target of $86.96.

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