Schlumberger NV is trading at $55.53 (down 4.3%) as investors continue to digest weaker first-quarter earnings and margin pressure alongside a broad risk-off move in equities.
- Recent results showed a 5.6% drop in Q1 net income, impacted by Middle East disruptions and softer underlying demand.
- Sentiment is further weighed down by a broad market sell-off driven by higher-for-longer Fed interest rate fears.
- Margin pressure remains a key concern for investors following the latest financial results.