BUZZ - SLB shares rise as earnings beat expectations and Q4 revenue outlook remains strong

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October 23 - ** Oilfield services provider SLB (SLB.N) shares rose 3.8% to $51.46

** Driven by robust North American oilfield activity, the company's adjusted profit for the third quarter exceeded (link) expectations, and it signaled gradual recovery in some Middle Eastern regions after disruptions caused by conflict

** SLB reported adjusted earnings per share of $0.64 for the third quarter, higher than analysts’ expectations of $0.62 — data compiled by LSEG

** The company's North American revenue rose over 24% year-on-year in the third quarter to $2.4 billion

** Third quarter revenue from the Middle East and Asia increased by 9% quarter-on-quarter to $2.81 billion

** SLB forecasts fourth quarter revenue of around $10 billion, up 5%-7% quarter-on-quarter and higher than analysts’ estimate of $9.92 billion

** The company expects Middle East revenue to remain basically unchanged from the prior quarter, at around $1.9 billion

** Including today's gain, the stock is up 34.5% year-to-date

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