- Baker Hughes, a whopping $2.35/share loss vs forecast 10-cent loss; obviously special factors weigh; shares rise;
- Carbo Ceramics, a loss of 25 cents/share vs a loss of 83 cents forecast; had recently suspended dividend;
- EPD, earnings of 35 cents vs forecast of 35 cents; in-line or beats by a penny;
- Ford Motor Co, huge beat; at 58 cents beat forecast of 51 cents; Ford profit triggers record $9,300 bonuses for UAW workers;
- Helmerich and Payne, crushes estimate; loss 5 cents vs Zacks consensus of 8 cents;
- Valero, huge beat; beats by 31 cents; comes in at $1.79 vs $1.45 forecast;
- Visa, barely beats at 69 cents vs forecast of 68 cents, not much change in shares;
- Amazon, shares plunge almost 15% after hours; earnings at $1.00 vs $1.58 forecast;
- Microsoft, shares up on earnings report of 78 cents earnings vs forecast 72 cents;
1. The tea leaves suggest that in the oil and gas industry we can finally hit the re-set button and move on.
- where are all the bankruptcies?
- where are all the mergers?
- Russia and KSA apparently talking about curtailing production; really?
- the Bakken down to 46 active rigs; how low will they go?
3. Microsoft is a pleasant surprise. I don't own shares in Microsoft and never will. But it is surprising, and pleasantly surprising, that Microsoft appears to be able to "re-invent" itself. I don't care for Microsoft, but if Microsoft can re-invent itself, so can others.
4. Ford's results speak for themselves.
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