XOM earned $4.9 billion in the first quarter, down 46 percent from the same period in 2014, the company announced Thursday. That breaks down to $1.17 per share vs forecast of 83 cents/share. Huge beat.
Meanwhile, Exxon increased its dividend by 6% on Wednesday to 73 cents a quarter up from 69 cents. That implied a $12.2 billion payout to investors, but it wasn’t certain the payout would be that big until the company said Thursday how many shares are outstanding. But, yes, that’s the right projectionBusiness Insider says XOM "smashes" expectations.
COP tops forecast. COP reported an 18 cent per-share loss on Thursday for Q1, but beat analysts estimates for a 19-cent loss.
Calfrack earnings press release here. 29 cents vs loss of 14 cents forecast?
CARBO Ceramics press release here. $1.24 loss vs a loss of 49 cents forecast?
Cardinal Health beats by 3 cents; profit rises by 16%; proxy for ObamaCare.
Marathon Petroleum Corporation beats by 38 cents.
Phillips 66 profit falls 37%. $1.79/share vs forecast of $1.43.
Ultra Petroleum beats by 9 cents.
Abraxas sinks after hours; declares a 10% increase in quarterly dividend. Reported 17 cents/share vs forecast of 27 cents/share.
Cheniere with a big beat; forecast a loss of 37 cents; came in at a lost of 23 cents.
Enbridge Energy Partners (EEP) beats by 3 cents.
EPD: barely misses; forecast, 33 cents; reported 32 cents; increased distribution to $1.50/unit on an annualized basis;