Chevron Corporation (NYSE: CVX) reported third-quarter 2020 financial results before the regular trading hours on Friday. The Big Oil firm reported Q3 revenue of $24.4 billion, missing the average analysts’ estimate. Meanwhile, the company surprised the market with adjusted net earnings of $0.11 per share, even as the street was expecting a loss.
CVX shares were modestly trading in red immediately following the announcement. The stock has lost half of its value since the beginning of this year as part of the pandemic related sell-off.
CEO Michael Wirth said, “We remain focused on what we can control – safe operations, capital discipline and cost management. Our actions are guided by our long-standing financial priorities: to protect the dividend, invest for long term value and maintain a strong balance sheet.”
FedEx Corporation (NYSE: FDX) reported first-quarter 2022 earnings results today. Total revenues increased to $22 billion from $19.3 billion in the same period a year ago. The company reported a
Adobe Inc (NASDAQ: ADBE) reported third-quarter 2021 financial results after the regular market hours on Tuesday. The software giant reported Q3 revenue of $3.94 billion, up 22% year-over-year and higher
The restaurant and food service industry is struggling to regain momentum after being hit hard by the pandemic. Restauranteurs are currently busy adapting to the changed operating conditions, shifting focus