Schlumberger posts $8.5 billion pretax charge in q1 primarily relating to goodwill impairment
Q1 revenue fell 5 percent to 7.5 billion usd.qtrly worldwide revenue of $7.5 billion decreased 9% sequentially and 5% year-on-year.qtrly gaap loss per share, including charges of $5.57 per share, was $5.32.qtrly eps, excluding charges, was $0.25.board approved quarterly cash dividend of $0.125 per share.q1 earnings per share view $0.24, revenue view $7.52 billion -- refinitiv ibes data.qtrly international revenue of $5.1 billion decreased 10% sequentially, but increased 2% year-on-year.q1 results include an $8.5 billion pretax charge primarily relating to impairment of goodwill.qtrly north america revenue of $2.3 billion decreased 7% sequentially and 17% year-on-year.capital investment for full year 2020 is expected to be approximately $1.8 billion, which is more than 30% lower than 2019.expects to record significant charges relating to severance during the second quarter of 2020.capex is expected to reduce to approximately $1.2 billion in 2020 as compared to $1.7 billion in 2019.despite challenging environment, cash flow performance during quarter was strong as we generated $784 million of cash flow from operations.aps investments will not exceed $500 million in 2020 as compared to $781 million in 2019.schlumberger - customer spending & drilling activity in north america declined as oil prices slipped early in quarter before falling abruptly in march.
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