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MarketWatch MarketPulseApr 23, 2021
Schlumberger shares jump 2% premarket as earnings beat estimates
Schlumberger Ltd. shares rose 2% in premarket trade Friday, after the energy giant posted better-than-expected earnings for the first quarter. The company had net income of $299 million, or 21 cents a share, in the quarter, down from $374 million, or 27 cents a share, in the year-earlier period. Revenue fell to $5.223 billion from $5.532 billion. The FactSet consensus was for EPS of 19 cents and revenue of $5.089 billion. Revenue was reduced by the divestiture of certain North America businesses in the fourth quarter of 2020, which generated $285 million in revenue in the fourth quarter of 2020 and $659 million in the first quarter of 2020. Excluding those divestitures, revenue was flat sequentially and down 23% year-on-year. "Looking ahead, we continue to be encouraged by constructive macroeconomic drivers. While the world is still grappling with COVID-19 infection rates, vaccination programs and fiscal stimulus packages are expected to support a rebound of economic activity and oil demand recovery through the year," Chief Executive Olivier Le Peuch said in a statement. Shares have gained 16% in the year to date, while the S&P 500 has gained 10%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Forbes HeadlinesApr 23, 2021
‘It's A Real Lifesaver': Trump Gives Strongest Endorsement Of Covid-19 Vaccines Yet
Trump—who got inoculated in private and has yet to film a vaccine PSA—has faced pressure to promote the shot as Republicans remain skeptical.

Google Business NewsApr 23, 2021
Experts expect J&J vaccine pause to be lifted; Michigan cases fall 12.5% in the past week: Live COVID-19 updates - USA TODAY
Experts expect J&J vaccine pause to be lifted; Michigan cases fall 12.5% in the past week: Live COVID-19 updates  USA TODAYIn Michigan, a record-breaking number of children have been hospitalized with Covid  NBC NewsDr. Phillip Levy, the Chief Innovation Officer for Wayne Health, answers your vaccine questions  WXYZ-TV Detroit | Channel 7Michigan coronavirus cases up to 809,591; Death toll now at 17,139  WDIV ClickOnDetroitAnger in Uruguay over surge in COVID infections and deaths  Al Jazeera Engli

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Coronavirus tally: Global cases of COVID-19 top 144.8 million and India sees record of more than 330,000 cases in a single day (MarketWatch MarketPulse)
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