Market Currents

• Friday, November 20, 2009

• 13:05 PM Stocks have settled into a negative range along intraday lows, with broad losses, but energy (XOM, SLB, COP, NE) is a real drag on issues today. At midday, the Dow -0.5% to 10,285; S&P 500 -0.6% to 1,088; Nasdaq -0.8% to 2,140. Crude -0.7%, back under $77. Gold +0.2%. 1 Comment

• Friday, October 23, 2009

• 06:35 AM Schlumberger (SLB): Q3 EPS of $0.65 beats by $0.02. Revenue of $5.43B (-25.2%) in-line. (PR) 1 Comment
• 00:05 AM Notable pre-market earnings: CACH, DOV, EXC, FO, HON, IR, MSFT, SLB, TROW, WHR Comment!

• Friday, July 24, 2009

• 06:54 AM Schlumberger (SLB): Q2 EPS of $0.68 beats by $0.05. Revenue of $5.53B (-18.1%) in-line. Says "the overall sequential rate of revenue decline slowed as a further precipitous drop in North America was offset by slowing rates of decline and some recovery in other parts of the world." (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: ACI, ASH, BDK, DOV, ERIC, EXC, FO, IR, PNK, SEPR, SLB, TROW, WL Comment!

• Tuesday, June 9, 2009

• 12:56 PM Rig counts are still falling, but analysts at FBR think four oil-drilling firms (SLB, DO, SII, BHI) are poised for a rebound. Comment!

• Friday, April 24, 2009

• 09:02 AM Premarket gainers: DDR +34%. F +24%. RVBD +13%. CAKE +13%. RAD +12%. INFA +11%. STAR +10%. AXP +9%. JNPR +8%. HMY +7%. TS +6%. GFI +6%. SLB +6%. LVS +5%. FIG +4%. FIG +4%. MSFT +4%. TOT +4%.
  Losers: UCBH -19%. IBKR -15%. CPN -9%. CYBS -8%. MAR -4%. ACI -4%. NFLX -3%. VOD -3%. SD -3%. Comment!
• 07:09 AM Schlumberger (SLB): Q1 EPS of $0.78 beats by $0.05. Revenue of $6B (-4.6%) in-line. "We do not see any significant recovery in North American gas drilling before 2010." (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: ACI, AEP, F, HON, ITT, MMM, MV, SLB, SWK, WL, XRX Comment!

• Friday, January 23, 2009

• 06:15 AM Schlumberger (SLB): Q4 EPS of $1.03 misses by $0.02. Revenue of $6.87B (+9.9%) vs. $6.99B. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: GE, HOG, SLB, XRX Comment!

• Friday, January 9, 2009

• 11:10 AM Oilfield services giant Schlumberger (SLB) has begun laying off hundreds of workers in the first of what experts say will be a wave of energy industry job cuts - signalling the slump may be longer and deeper than energy firms originally hoped. 1 Comment

• Wednesday, December 3, 2008

• 11:30 AM 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. Comment!

• Friday, October 17, 2008

• 06:39 AM Schlumberger (SLB): Q3 EPS of $1.29 beats by $0.04. Revenue of $7.26B (+22.5%) vs. $7.02B. "The recent rapid deterioration in credit markets will undoubtedly have an effect on our activity," it says. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: CMA, FHN, GPC, HON, SLB, VFC, WL Comment!

• Friday, July 18, 2008

• 06:27 AM Schlumberger (SLB): Q2 EPS of $1.16 beats by $0.04. Revenue of $6.75B (+19.6%) vs. $6.48B. [PR] Comment!