Yahoo Finance is tracking Honeywell, General Electric and Schlumberger in intraday trading on Friday.
Honeywell (HON) – Shares are climbing after the company reported better-than-expected first-quarter earnings before the bell Friday. Honeywell posted adjusted earnings per share of $1.66 on revenue of $9.49 billion and raised the low end of its full-year EPS guidance by 5 cents. The stock is up 9.5% since January 1.
General Electric (GE) – The industrial bellwether topped Wall Street’s earnings and sales forecasts in the first quarter, reporting earnings per share of 21 cents on revenue of $27.66 billion. Chairman and CEO Jeff Immelt said GE’s planned merger with Baker Hughes remains on track and expects “the deal to close in mid-2017.” The stock is down 6% since the start of the year.
Schlumberger (SLB) – The world’s largest oilfield services provider said costs to reactivate idled equipment during the quarter weighed on margins. Schlumberger reported earnings per share of 25 cents on revenue of $6.89 billion, falling short of analyst estimates by $100M. Chairman and CEO Paal Kibsgaard commented, “As we continue to carefully navigate the current industry landscape, we remain confident and optimistic about the future of Schlumberger, knowing very well that beyond the current market challenges lies a wealth of opportunity for the industry players who are ready and able to think new and to act new.”
For more on Friday’s big stock movers and earnings after the bell, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.