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Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …

Schlumberger Ltd. SLB, + 0.67% He said Friday that he had a net loss of $ 3,434 billion, or $ 2.47 a share, in the second quarter, after revenue of $ 492 million, or 35 cents a share, in the same period last year. Excluding charges and credits, the oil …