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.”
Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,
Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like
The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales