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Canadiian miner Barrick Gold Corp, the world’s second-largest gold producer quarterly adjusted profit nearly doubled as gold production rose. $GOLD expects gold production of 5.1 million ounces to 5.6 million ounces. The gold price hit its highest level in six years in June.
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- Category: Stocks
Uber Technologies Inc worse than Q2 expected earnings with a bigger loss on less revenue than expected. Their ridesharing rival Lyft reported better-than-expected Q2 results yesterday and lifted fiscal 2019 outlook.
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Cloud and file sharing firm Dropbox reported better than expected second quarter earnings after the close Thursday. $DBX however dissappointed on the changeover to paying customers with Revenue per user missing forecasts.
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Houston oil producer and shale exploration company Marathon Oil reported better than expected second quarter quarter earnings after the close next Wednesday. $MRO production from South Texas' Eagle Ford shale and North Dakota's Bakken shale rose
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Chesapeake Energy reported better than expected earnings before the market opened Tuesday initially seeing $CHK pop 6% but it quickly reversed to be down 11% near 20 year lows on worries about debt and collapsed natural gas prices.
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Video game publisher Take-Two Interactive Software reported better than expected fiscal first quarter earnings. $TTWO stock jumped almost 8% on the news, driven primarily by Red Dead Redemption 2, Grand Theft Auto Online and NBA 2K19.
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Deep Sea Driller Diamond Offshore Drilling reported worse than expected second quarter earnings before the market Monday. Low oil prices comtinueimpacting day rates. The world's largest offshore drilling company Transocean $RIG reported last week.
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Chevron reported mixed second quarter results Friday along with fellow oil major ExxonMobil.. $CVX net oil-equivalent production rose 9% to 3.08 million bpd as unconventional production in the Permian Basin rose more than 50% to 421,000 ppd.
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Oil giant ExxonMobil reported better than expected second quarter earnings Friday before the market with strength in XOM’s upstream business offsetting weakness in the downstream and chemical divisions. Exxon also benefited from a tax-rate change in Alberta, Canada.
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Royal Dutch Shell, Europe's largest oil company reported weaker than expected second quarter results Thursday. $RDS.A fell near 5%, their biggest one-day fall since January 2016. Shell’s integrated gas division performed the worst, earnings down 25% year on year.
