Earnings Roundup: Ford, Schlumberger

Among the earnings projection stories for Friday, April 24, from AP Financial News:

DEARBORN, Mich. (AP) — Ford Motor Co. reported a first-quarter loss of $1.4 billion Friday and said it burned through less of its cash, emphasizing that it doesn't expect to seek any of the government assistance that is keeping the rest of the Detroit Three alive.

HOUSTON (AP) — Schlumberger Ltd. said Friday its first-quarter earnings tumbled about 30 percent as oil and natural gas companies cut back on exploration and drilling due to lower prices and demand. It also forecast sluggish oil-patch activity for at least the rest of this year.

NEW YORK (AP) — Xerox Corp. posted a profit in the first quarter that met its revised guidance, which the company slashed last month due to restructuring costs and declining technology spending.

LAS VEGAS (AP) — Casino operator Pinnacle Entertainment Inc. said Friday that its first-quarter profit slid because the year-ago period included a hefty gain from Hurricane Katrina insurance proceeds. The results still beat Wall Street's expectations.