For Investors Only: SLB and BHI Both Beat; BHI Huge; Yahoo!In-Play; KMI Raises Dividend

July 20, 2012: am I missing something? CNBC keeps pumping MSFT. Compare MSFT with AAPL.

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From Rigzone.com: SLB and BHI beat forecasts. 


Schlumberger beats by $0.05, reports revs in-line: Reports Q2 (Jun) earnings of $1.05 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $1.00; revenues rose 16.2% year/year to $10.45 bln vs the $10.45 bln consensus. Internationally, sequential results were underpinned by activity growth both offshore and in key land markets. Latin America and Middle East & Asia Areas both progressed well, while Europe, CIS and Africa showed particular strength across the Area. In North America, the Canadian spring break-up and the weakness in the US land hydraulic fracturing market lowered results although this was tempered by robust performance in other land businesses and in the US Gulf of Mexico.

6:03AM Baker Hughes beats by $0.22, beats on revs: Reports Q2 (Jun) earnings of $1.00 per share, $0.22 better than the Capital IQ Consensus Estimate of $0.78; revenues rose 12.3% year/year to $5.33 bln vs the $5.25 bln consensus. "The impact on margins from the seasonal slowdown in Canada was mostly offset by improved results in onshore U.S. The initiatives to improve our Pressure Pumping business helped stabilize its results this quarter by offsetting the higher costs for certain raw materials and the weaker market conditions for Pressure Pumping. Our International business delivered improved revenue and operating profit, driven primarily by outstanding performance in Europe and the Middle East....We are cautiously optimistic about the market outlook for the remainder of the year. If commodity prices remain at current levels, we believe activity in onshore U.S. should remain stable. In the Gulf of Mexico and International, we expect continuing improvement as these markets expand.

And this was a tough quarter. I wouldn't be surprised to see one or two oil companies to announce splits.

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KMI raises dividend.

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