EOG Resources (NYSE:EOG) reported quarterly earnings of $3.71 per share which missed the analyst consensus estimate of $4.18 by 11.24 percent. This is a 71.76 percent increase over earnings of $2.16 per share from the same period last year. The company reported quarterly sales of $7.59 billion which beat the analyst consensus estimate of $7.35 billion by 3.31 percent. This is a 59.35 percent increase over sales of $4.76 billion the same period last year.
Alibaba and Tencent Lead Massive Investment Cutbacks Among Chinese Tech Giants
In 2023, China's top internet companies cut external investments by 40% due to economic slowdown, regulatory challenges, and geopolitical tensions.
