Company News for July 24, 2009

• Schlumberger (NYSE:SLB - Analyst Report) reported second quarter earnings of 68 cents a share, a nickel above projections, on in-line revenues of $5.53 billion, off 18.1%

• Black and Decker (NYSE:BDK - Snapshot Report) posted second quarter earnings of 63 cents a share, which beat estimates by 26 cents, on in-line revenues of $1.19 billion, off 27.4%

• Ingersoll-Rand (NYSE:IR - Analyst Report) reported second quarter earnings of 50 cents a share, 11 cents better than expected, as revenues increased 12.8% to $3.47 billion.  The company said it sees third-quarter earnings of 55 cents to 70 cents a share, versus estimates of 52 cents; full-year guidance of $1.50-$1.80 exceeded Street estimates of $1.32

• Dover (NYSE:DOV - Analyst Report) reported second quarter earnings of 54 cents a share, 8 cents above estimates, on in-line revenues of $1.4 billion, off 30%

• Ashland (NYSE:ASH - Snapshot Report) reported fiscal third quarter earnings of $1.10 a share, 9 cents higher than projected, on in-line revenues of $2.04 billion, off 7.5%