For Investors Only: Schlumberger, BHI Both Beat By 2 Cents; Rises Pre-Market

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Yahoo!In-Play:

• Schlumberger beats by $0.02, reports revs in-line: Reports Q1 (Mar) earnings of $1.01 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.99; revenues rose 7.6% year/year to $10.67 bln vs the $10.7 bln consensus. 

IBM falls this morning in pre-market (down $9.00/4%) -- may miss on bottom line.

Yahoo!In-Play:

• Baker Hughes beats by $0.02, reports revs in-line: Reports Q1 (Mar) earnings of $0.65 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.63; revenues fell 2.3% year/year to $5.23 bln vs the $5.18 bln consensus. Adj. EBITDA in Q1 was $893 million, an increase of $36 million QoQ.