— Phillips 66 (NYSE: PSX) reported its third-quarter 2019 adjusted earnings of $3.11 per share versus $2.59 per share expected.
— Revenue fell by 9% to $27.77 billion versus $27.79 billion expected.
— The pre-tax income from Midstream slipped to a loss from a profit last quarter, due to the inclusion of impairments related to its equity investment in DCP Midstream, LLC.
— The Chemicals’ pre-tax income fell by 17% sequential due to a reduction to equity earnings from a lower-of-cost-or-market inventory adjustment.
— Refining’s pre-tax income dropped by 13% quarter-over-quarter due to higher turnaround costs as well as lower realized margins, primarily reflecting weaker gasoline crack spreads in the Central Corridor.
— Marketing and Specialties’ pre-tax income jumped by 41% sequentially on higher margins, driven by favorable market conditions.
— During the quarter, Phillips 66 funded $402 million of dividends, $439 million of share repurchases and $867 million of capital expenditures and investments.
Cloudera Inc. (NYSE: CLDR) turned to profit in the third quarter from a loss last year as strong demand growth lifted the enterprise data cloud company's revenues. The results also topped the
DocuSign (NASDAQ: DOCU) reported third quarter 2021 earnings results today. Total revenues increased 53% year-over-year to $383 million, helped by double-digit growth in subscription and professional services revenues. Net
Shares of CrowdStrike Holdings Inc. (NASDAQ: CRWD) soared over 13% on Thursday. The stock has gained over 223% since the beginning of the year. The cybersecurity company reported strong results