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Schlumberger Limited (SLB) Q1 2021 Earnings Call Transcript

Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Schlumberger Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to the Vice President of Investor Relations, ND Maduemezia. Please go ahead.
Ndubuisi Maduemezia
Vice President of Investor Relations
Thank you, Lia. Good morning and welcome to the Schlumberger Limited first quarter 2021 earnings conference call. Today s call is being hosted from Houston, following the Schlumberger Limited Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.
Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially, from those projected, in these statements. I therefore refer you to our latest 1 ....

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Pinterest Shouldn't Ignore These 3 Social-Commerce Challengers

Pinterest s (NYSE:PINS) stock soared nearly 400% over the past 12 months as its virtual pinboards continued to lock in more users. Its monthly active users (MAUs) increased 37% to 459 million in 2020, and its total revenue rose 48% to $1.69 billion.
Wall Street expects its revenue to jump 49% this year and another 36% next year. Two tailwinds will likely support that growth: its expansion into overseas markets, which already account for 79% of its MAUs, and the expansion of its social commerce business with more shoppable pins.
Image source: Pinterest.
Pinterest enjoys an early-mover advantage in this nascent market because its pinboards are a natural fit for promoting products. Cowen & Company claims 48% of American social media users used Pinterest to find and shop for products, versus just 10% for ....

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Christian Baltzer to continue as CEO of Codan Denmark Following Completion of Proposed Takeover by Intact Financial Corporation

Christian Baltzer to continue as CEO of Codan Denmark Following Completion of Proposed Takeover by Intact Financial Corporation
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TORONTO, April 22, 2021 /CNW/ - Intact today confirmed that Christian Baltzer will continue as CEO of Codan Denmark following the completion of the proposed takeover of RSA Insurance Group plc by Intact Financial Corporation (TSX: IFC) and Tryg A/S, currently expected in the second quarter of 2021.
Under the proposed transaction, Codan Denmark will be jointly owned by the two parties on a 50/50 economic basis with Intact taking management responsibility.
Working together with Intact, Christian Baltzer and the Codan Denmark-team will drive the continued success of the business, whilst assessing strategic alternatives for its long-term ownership. ....

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4 Reasons Pinterest's Latest Pullback Is a Buying Opportunity

Pinterest s (NYSE:PINS) stock recently tumbled after Cleveland Research analyst Chandler Converse claimed the company would post softer-than-expected sales growth in its first-quarter report on Tuesday, April 27. Converse expects Pinterest s growth to decelerate as it faces slower growth in new advertisers, lower spending from those newer clients, and mixed trends from large retailers.
Morgan Stanley analyst Brian Nowak also lowered his stock price target from $95 to $89 in late March, noting that Pinterest s business was strong but its valuation was stretched.
Bank of America analyst Justin Post also cited the same challenges and reduced his price target from $94 to $78.
Image source: Getty Images. ....

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Schlumberger Limited (SLB) Q1 2021 Earnings Call Transcript

Schlumberger Limited (SLB) Q1 2021 Earnings Call Transcript
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