Chevron Earnings Jump on Permian Output, Andarko Breakup Fee
Chevron Corp. posted strong production growth from the Permian Basin combined with a stabilization in its refining operations to beat earnings estimates in the second quarter.
GM Profit Beats Estimates as Trucks Make Up for Slower Sales
General Motors Co. is looking like a port in the storm as new trucks and cost-cutting efforts pad profit in the midst of slowing industry sales.
Shopify Rally Continues After Sales, Outlook Beat Estimates
Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
Shell Profit Misses as Slowing Economy Hurts Gas, Chemicals
Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas to chemicals.
Fiat Chrysler Surges From North American Sales of Ram, Jeep Models
Fiat Chrysler Automobiles NV jumped the most in two months after soaring sales of its Ram pickup truck delivered higher profits in North America and offset weakness in Europe.
BP Bucks Trend of Big Oil Earnings Misses as Output Rises
BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.
TFI International Reports Record Operating Income for 2Q
TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.
Landstar Reports Record Earnings Per Share in 2Q
Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.
Tesla Plunges on Quarterly Loss, Backtracks From Profit Forecast
Tesla Inc. shares plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.
Norfolk Southern 2Q Profit up 2% Despite Weaker Volume
Norfolk Southern Corp.’s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping rates.
July 24, 2019