Oilfield-services giant Schlumberger (SLB) is down 6.8% after warning 2008 profit will not...

|About: Schlumberger Limited (SLB)|By:, SA News Editor

Oilfield-services giant Schlumberger (SLB) is down 6.8% after warning 2008 profit will not satisfy analyst estimates of $4.76/share. "We have been consistent in our view that our results would be affected in the event of a severe global economic downturn, which we are now facing," CEO Andrew Gould says.