Newsfeeds Archive - Page 27 of 246

2 minute read

Barrick Gold Maintains FY24 Outlook Despite Q1 Production Miss

May 1, 10:16 AM

Barrick Gold reported first-quarter revenue of $2.747 billion (+4% Y/Y), which is in line with the consensus. Gold production stood at 940 thousand ounces (-1% Y/Y), and gold sales were 910 thousand ounces (-5% Y/Y).

GDX

2 minute read

Exxon To Shut Down Two Oil Projects For Pipeline Connection: Report

By Lekha Gupta

May 1, 7:25 AM

Exxon Mobil will shut down two offshore oil production projects in Guyana for 2 weeks each to connect a natural gas pipeline.

HES

2 minute read

What’s Going On With Diamondback Energy Shares Premarket Wednesday?

By Lekha Gupta

May 1, 5:56 AM

Diamondback Energy reports Q1 FY24 revenue of $2.227B, beating consensus of $2.088B. Oil production at high end of guidance, adjusted EBITDA of $1.6B and EPS of $4.50. Maintains FY24 production and capex outlook.

FANG

2 minute read

Why Chegg Shares Are Plummeting Today

By Lekha Gupta

April 30, 3:00 PM

Chegg shares drop as analysts cut price target after Q1 results and weak Q2 revenue guidance, new CEO appointed.

CHGG

2 minute read

American Electric Power Reports Q1 Revenue Miss, Plans $27B Investment To ‘Enhance Resiliency’

By Lekha Gupta

April 30, 2:36 PM

American Electric Power closed the sale of its New Mexico solar assets in February.

AEP

2 minute read

Why Truck Manufacturer PACCAR Shares Are Declining Today

By Lekha Gupta

April 30, 1:35 PM

PACCAR Inc (NASDAQ: PCAR) reported Q1 FY24 results, sales of $8.74B, EPS of $2.27, and investments in new truck models and technology. Stock down 7.93%.

FTXR

1 minute read

Mixed Signals For Illinois Tool Works: Q1 Profit Soars, Revenue Stumbles

By Lekha Gupta

April 30, 12:50 PM

ITW's Q1 FY24 revenue misses consensus at $3.97B. EPS beats at $2.44. Operating income up 16%, margin at 28.4%. FY24 EPS guidance raised.

BEEZ

2 minute read

What’s Going On With Marathon Petroleum Shares Today?

By Lekha Gupta

April 30, 11:59 AM

Marathon Petroleum shares down after reporting Q1 FY24 results. Revenue at $33.211B, adjusted EPS at $2.78, operating costs increase.

FTXN

2 minute read

Eaton Boosts 2024 Guidance As Electrical And Aerospace Sectors Excel

By Lekha Gupta

April 30, 10:47 AM

Eaton reports strong Q1 FY24 results with record sales of $5.94B, 8% Y/Y growth, and increased backlog. Q2 outlook exceeds expectations and FY24 guidance raised.

ETN