Market Currents

• Monday, November 23, 2009

• 09:04 AM BJ Services (BJS): FQ4 EPS of -$0.01 vs. consensus of $0.02. Revenue of $878M (-41.9%) vs. $814M. BJS is slated to merge with Baker Hughes (BHI) in Q1. Shares +1.1% premarket. (PR) 1 Comment
• 00:05 AM Notable premarket earnings: BJS, CPB, LDK, TECD, TSN 1 Comment

• Wednesday, November 4, 2009

• 05:52 AM Baker Hughes (BHI): Q3 EPS of $0.26 misses by $0.10. Revenue of $2.23B (-26%) in-line. Says international results were negatively impacted by price discounting. Expects to complete acquisition of BJ Services (BJS) in Q1 2010. (PR) 1 Comment

• Tuesday, October 27, 2009

• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Monday, August 31, 2009

• 09:00 AM Premarket gainers: SVA +12%. BJS +11%. KFN +10%. PACR +7%. HEB +5%. ETFC +4%.
  Losers: IRE -12%. AIG -9%. AIB -8%. PNX -8%. ABK -8%. FRE -7%. CIT -7%. FNM -6%. YRCW -5%. JASO -4%. CHU -4%. BHI -4%. Comment!
• 06:14 AM Baker Hughes (BHI) to acquire BJ Services (BJS) in a $5.5B cash/stock deal. BJS shareholders will receive 0.4 shares of BHI and $2.69, a 16.3% premium over Friday's close. BHI says it will see annual savings of $75M in 2010 and $150M in 2011, and that the deal "further enhances its position as a top-tier global oilfield services company." (PR) 4 Comments

• Tuesday, July 21, 2009

• 07:14 AM BJ Services (BJS): FQ3 EPS of -$0.11 misses by $0.11. Revenue of $787M (-40.8%) vs. $868M. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ALV, AMTD, BJS, BTU, CAL, CAT, CMA, DD, DGX, ELN, FCX, FRX, HCBK, JEF, KO, LMT, LUV, LXK, MRK, PCP, RF, SGP, SHW, STT, UAUA, UNH, UTX, WU Comment!

• Tuesday, April 21, 2009

• 09:00 AM Premarket gainers: ELX +43%. THC +23%. COH +8%. HOGS +7%. GM +5%. UNH +4%.
  Losers: ZION -24%. HBAN -23%. FITB -16%. NTRS -14%. KEY -12%. BJS -12%. RF -12%. MGM -11%. ETFC -11%. IFX -11%. BAC -10%. BRCM -9%. BK -9%. C -8%. DT -8%. STT -8%. LVS -7%. DOW -6%. APOL -6%. STI -6%. COF -5%. PUK -5%. HIG -5%. CAT -5%. PNC -5%. Comment!
• 07:38 AM BJ Services (BJS): FQ2 EPS of $0.15 misses by $0.07. Revenue of $1.05B (-18%) vs. $1.13B. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ALV, AMTD, BJS, BK, CAT, CMA, COH, DAL, DD, DGX, EAT, FRX, HBAN, JCI, JEF, KCI, KEY, KO, LMT, LXK, MAN, MICC, MRK, MTB, NTRS, NYT, RF, SGP, STT, TRA, UAUA, UNH, USB, USG, UTX, WBS, WU Comment!

• Tuesday, January 27, 2009

• 07:04 AM BJ Services (BJS): FQ1 EPS of $0.56 beats by $0.10. Revenue of $1.43B (+11.4%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ASH, AVY, BJS, BMS, BMY, BTU, CBE, CHKP, CP, CVG, DAL, DD, EMC, ENR, FMER, FPL, GLW, HSY, KCI, LXK, MHP, NUE, NYB, RYN, SI, STE, STJ, TIN, TLAB, TRV, VLO, VZ, WAT, WDR, X Comment!

• Thursday, October 30, 2008

• 07:39 AM BJ Services (BJS): FQ4 EPS of $0.59 beats by $0.03. Revenue of $1.53B (+15%) vs. $1.47B. Sees FQ1 EPS of $0.48-0.51 vs. $0.56. "We expect drilling activity in North America to begin to decline during our first fiscal quarter and anticipate moderate reductions in certain international markets." (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, AIZ, ALU, AVP, AZN, BJS, BLL, CAM, CBB, CBS, CI, CL, CLI, CMC, CMS, CVS, D, EK, ENDP, EXPE, FAF, GLBL, IAR, ICE, IGT, IP, IRM, JAH, LEA, LKQX, MOT, MPS, MRO, MYL, NRG, NWL, OCR, PAG, PDE, PNX, PTEN, RDS.A, SCG, SFI, SGR, SPIL, TE, UIS, VC, WMI, WYN, XOM Comment!

• Tuesday, July 22, 2008

• 07:30 AM BJ Services (BJS): EPS of $.048 beats by $0.08. Revenue of $1.33B (+15.2%) vs. $1.24B. Sees FQ4 EPS of $0.54-0.57 vs. $0.50. [PR] Comment!