- Details
- Written by Super Harley
- Category: Earnings Reports
Chinese video streaming company iQiyi, known as China's Netflix reported better than expected fourth quarter earnings Thursday after the close seeing the stock gain 22%. Losses were again huge, over US$500 million for the quarter, but revenue soared 55% exciting investors.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Permian operator Parsley Energy $PE reported worse than expected fourth quarter earnings Thursday after the close. $PE said with recent commodity price trends it has reduced rig and frac spread counts and intends to reduce its 2019 capital leasing and acquisition spend.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Gold and copper producer Newport Mining reported better than expected fourth quarter earnings Thursday with steady gold and copper production and lower operational costs. NEM agreed to acquire Goldcorp (GG) for $10 billion in an all-stock deal last month.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Independent oil and gas company Concho Resources reported worse than expected fourth quarter earnings Tuesday. $CXO is the biggest Permian Basin pure-play company in terms of unconventional oil and gas production after its takeover of RSP Permian.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Shale play Devon Energy reported mixed fourth quarter earnings after the market with plans to separate its Canadian and Barnett Shale assets. $DVN also announced it is adding $5 billion to its stock buyback plan and raised its quarterly dividend to 9 cents per share.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Texas independent oil and natural gas company Diamondback Energy reported worse than expected fourth second quarter earnings after the market close Tuesday. $FANG increased full year production guidance and lowered expenditure outlook.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Retail giant Wal-Mart on Tuesday reported better than expected Fourth-quarter earnings and reiterated for Q1. U.S. same-store sales rose 4.0%, continuing near 10 years highs, e-commerce sales jumped 42% as it continued to inch into $AMZN's space.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Transocean, the world’s largest offshore drilling contractor and leading provider of drilling management services reported better than expected third quarter results Monday delivering a profit, rather than an expected loss.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Houston, Texas oil producer and shale exploration company Marathon Oil reported better than expected fourth quarter earnings after the close Wednesday. $MRO guided production higher led by profits from South Texas' Eagle Ford shale and North Dakota's Bakken shale.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Deep Sea Driller Diamond Offshore Drilling reported worse than expected fourth quarter earnings before the market Monday. Revenue continues to be impacted as day rates for deep water drilling rigs fall. The world's largest offshore drilling company Transocean $RIG report next week.
