Friday, July 27, 2018

The Market, Energy, Political Page, T+57 -- July 27, 2018

It's a tough market, LOL. EW, link here:
  • earnings crush expectations
  • earnings forecast: $1.24
  • earnings, actual: $1.32
  • but, huge revenues miss
  • revenues, forecast: $965 million
  • revenues, actual: $944 million
  • guidance: oh, oh - down to 93 cents to $1.03
  • guidance: oh, oh - revenues down to $900 to $950 million
  • shares plummet over 6%
XOM, link here:
  • "big miss" on earnings; beats on revenue
  • will  have to wait for earnings call to put this in perspective
  • forecast: $1.27/share
  • actual: 92 cents -- wow!
  • revenue forecast:$72.58 billion; actual, $73.5 billion
  • shares fall 2%
  • in line with what has been posted on the blog the past couple of years: XOM is under-performing relative to its international peer
CVX, link here:
  • shares up in pre-market trading: do traders know something?
  • Later, 7:35 a.m. CDT: shares just turned negative; don't see earnings yet; insiders must know
  • misses on both top and bottom lines
  •  EPS, big miss: $1.78 vs $2.09 forecast
  • revenue, big miss: $42.24 billion vs $45.59 billion forecast
Shell: also missed on earnings; beat on revenues; link here;
  • revenues: $96.8 billion
  • EPS; $1.10 vs $1.40 -- that's a pretty big miss (similar to Exxon's's, I suppose)
  • adjusted EPS was 30% higher than its adjusted EPS year-over-year
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