SLB - Gold Rises Over 1%; Schlumberger Shares Fall After Q3 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Friday.
The Dow traded down 0.31% to 33,309.28 while the NASDAQ fell 1.09% to 13,042.83. The S&P 500 also fell, dropping, 0.73% to 4,246.72.
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Leading and Lagging Sectors
Utilities shares climbed by 0.5% on Friday.
In trading on Friday, information technology shares fell by 1.8%.
Top Headline
Shares of Schlumberger N.V. (NYSE: SLB) fell around 4% on Friday after the company released results for its third quarter.
Schlumberger reported a third-quarter FY23 revenue increase of 11% year-over-year to $8.31 billion, missing the consensus of $8.33 billion. Adjusted EPS increased 24% Y/Y to $0.78, beating the consensus of $0.77.
Equities Trading UP
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) shares shot up 11% to $51.08 after the company reported better-than-expected third-quarter financial results.
Shares of Lipella Pharmaceuticals Inc. (NASDAQ: LIPO) got a boost, shooting 57% to $2.4399. Lipella Pharmaceuticals announced FDA clearance of IND for LP-310 for oral lichen planus.
American Well Corporation ...