January 18, 2008 / 11:26 AM / 10 years ago

Schlumberger Q4 profit rises

1 IN. DI LETTURA

Jan 18 (Reuters) - Schlumberger Ltd (SLB.N), the world's largest oilfield services firm, said its fourth-quarter profit rose 22 percent, helped by strong demand for its services in Asian and Latin American markets.

Profit in the quarter was $1.38 billion, or $1.12 per share, compared with $1.13 billion, or 92 cents per share, a year earlier. Excluding items, the company earned $1.11 per share. Revenue climbed to $6.25 billion from $5.35 billion.

Analysts on average had expected Schlumberger to report a profit of $1.13 per share, before items, on revenue of $6.1 billion, according to Reuters Estimates. (Reporting by John Tilak in Bangalore; Editing by Pratish Narayanan)

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