ETF Talk

Chevron’s Profit Blows Away View, but Revenue Misses

The San Ramon, CA-based company reported Q3 net income of $0.68 per share, a massive $0.29 better than Wall Street’s view of just $0.39. Revenue fell 2.2% from last year, however, totaling $30.14 billion and missing analyst estimates of $30.58 billion.
Upstream operations produced 2.51 million barrels of oil in the third quarter, roughly the same as last year’s 2.54 million total. That unit stemmed its losses to $212 million in Q3, versus a much larger loss of $603 million in the year-ago period.
Downstream operations earnings plunged to $523 million from $1.25 billion last year...

Mastercard Earnings Top Estimates as Revenue Surges 14.6%

The Purchase, NY-based company reported Q3 EPS of $1.08, topping analysts’ $0.98 estimate by 10 cents. Revenue jumped 14.6% from last year to $2.9 billion, ahead of Wall Street’s $2.74 billion forecast.
Mastercard said that worldwide purchase volume in the latest period grew 9% to $882 billion. Meanwhile, processed transactions rose 18%, to 14.5 billion, and cross-border volumes rose 12%.
MA also reported an 11% increase in gross dollar volume to $1.2 trillion, excluding currency effects...

Exxon Mobil’s Q3 Profit Beats, but Revenue Misses the Mark

The Irving, TX-based company reported Q3 EPS of $0.63, beating Wall Street’s $0.60 estimate by three cents. Revenues fell 12.9% from last year to $58.68 billion, however, and missed analysts’ view of $60.6 billion.
XOM said its results were hampered by lower refining margins and commodity...

Here’s Why Twitter is Killing Vine

The internet was ablaze with vitriol when the news broke. Reactions ranged from shock, to sadness, to anger. How could a service that as recently as December 2015 had 200 million daily active users get shut down?
The answer isn’t all that complicated, really. Twitter is in dire straits, Vine loses money, and the company simply can’t afford to keep it around anymore. Under pressure from its board of directors and shareholders, Twitter has to jettison just about everything that isn’t producing results right now...

Hershey Boosts Outlook as Profit and Revenue Beat Expectations

The Hershey, PA-based company reported Q3 EPS of $1.29 easily topping Wall Street’s view for $1.18. Revenue rose 2.2% from last year to $2 billion, edging out analyst estimates of $1.99 billion.
Looking ahead, HSY boosted its full-year outlook. The company now expects 2016 EPS to range...

Amazon’s Q3 Revenue Surges, But Profit Badly Misses View

The Seattle-based company reported Q3 EPS of $0.52, a whopping $0.30 worse than analysts’ view of $0.82 per share. Revenue jumped 29% from last year to $32.71 billion, topping Wall Street’s $32.65 estimate, however.
Amazon said North American net sales on its namesake website rose 26% from the...

Amgen Raises Forecast as Q3 Earnings Easily Top Expectations

The Thousand Oaks, CA-based company reported Q3 EPS of $3.02, a whopping $0.23 better than the consensus Wall Street estimate of $2.79. Revenue rose a meager 1.5% from last year to $5.81 billion, but still beat the $5.7 billion analysts expected.
Amgen noted that its operating margin in the...

Can Alphabet Repeat Last Quarter’s Massive Success?

The first thing to remember regarding GOOGL earnings is that the company does not provide forward guidance. That can either be a benefit (if guidance was to be weak) or a hindrance (if results fall short of estimates, guidance can be a catalyst for share price upside).
Currently, Wall Street...