Although they missed estimates most people want to hear what the CEO says on the call. Last earnings announcement they beat estimates and profits rose, but the call was unimpressive so the stock went down 10%. Right now futures on the market are up but I think SLB will have a down day today unless the CEO reassures the strong future of SLB and it must be done convincingly.
Update: SLB is down 6% pre-market. Yikes!
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Past performance is not indicative of future results. Neither MII nor the Blog's authors guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the blog. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested.
Investments or strategies mentioned on this blog may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on the blog.
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1 comment:
Excellent earnings report.
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