Schlumberger takes another A$100M hit

OIL FIELD service giant Schlumberger has reported its third straight loss in its latest quarterly report, released overnight Friday, as the oil price continues to bite into the service sector. 

Schlumberger takes another A$100M hit Schlumberger takes another A$100M hit Schlumberger takes another A$100M hit Schlumberger takes another A$100M hit Schlumberger takes another A$100M hit
It noted a net loss of US$82 million fourth quarter which works out at 6c per share. 
 
Revenue was down 38% to $5.26 billion and 2% over the prior quarter. Free cash flow was $226 million.