Chevron Corp. Q3 Earnings Summary
Below are the earnings highlights for Chevron Corp. (CVX):
-Earnings: $6.1 billion in Q3 vs. -$207 million in the same period last year.
-EPS: $3.19 in Q3 vs. -$0.12 in the same period last year.
-Analysts projected $2.21 per share
-Revenue: $44.71 billion in Q3 vs. $24.45 billion in the same period last year.
Crude Oil Futures Settle Higher
Crude oil futures settled higher on Friday as hopes that OPEC and allies will decide to keep supply levels tight outweighed recent data showing a surge in U.S. crude inventories and likelihood of Iranian oil entering the market.
West Texas International Crude oil futures for December ended up by $0.76 or about 0.9% at $83.57 a barrel, recovering strongly after hitting a low of $81.41.
WTI Crude futures gained more than 11% in October.
The Organization of the Petroleum Exporting Countries and its allies including Russia, a group called OPEC+, will meet on November 4 to decide on crude output.
The group is widely expected to stick to its plan to add 400,000 barrels per day of supply each month until April 2022.
A report from Baker Hughes said the number of rigs drilling for oil in the U.S. rose by one in the latest week to 444. The oil-rig count is up by 221 from a year earlier.
Gas rig count increased by one to 100 this week, and compared to the count in the same week last year, it is up by 29.
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By Maureen Dowd
World Bank's Malpass says G20 must speed up work on debt of poor countries
ROME, Oct 30 (Reuters) – World Bank President David Malpass on Saturday called on leaders of the Group of 20 rich nations to speed up work on debt restructuring for low-income countries, including a freeze on debt payments and mandatory participation of private creditors.
Malpass told G20 leaders meeting in Rome that progress on dealing with the debt of the poorest countries had stalled and urgent efforts were needed to jumpstart the process.
National Instruments Swings To Profit In Q3; Shares Up 6%
Shares of National Instruments Corp. (NATI) are gaining over 6% in extended trading session on Thursday after the company reported its third-quarter net income of $27.2 million or $0.20 per share, compared to a loss of $4.6 million or $0.04 per share last year.
On an adjusted basis, earnings rose to $0.42 per share from $0.23 per share last year.
Sales for the quarter rose 19% to $367.2 million from $308.1 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share on revenues of $373.93 million.
Looking forward to the fourth quarter, the company expects adjusted earnings of $0.47 to $0.61 per share and revenues of $385 million to $425 million. Analysts currently estimate earnings of $0.34 per share on revenues of $409.12 million.
NATI closed Thursday’s trading at $40.89, up $0.60 or 1.49%, on the Nasdaq. The stock further gained $2.47 or 6.04% in the after-hours trading.
Bajaj comes out with new Pulsar N250, F250
Bajaj has launched the new Pulsar N250 and F250 priced at ₹ 1.38 lakh and ₹ 1.40 lakh respectively (all prices, ex-showroom Delhi).
The Pulsar N250 and F250 use an LED headlight and LED daytime running lamps. Both versions of the motorcycle also get split seats and digi-analgoue instrumentation. The foldable mirrors on the F250 are mounted on the sharp-looking semi-fairing, similar to what we’ve seen on the 220F. Behind the fairing are raised clip-on handlebars.
The Pulsar N250, meanwhile, has an aggressive front-end with a prominent LED headlight. The rear-end on both bikes are fairly sharp with twin LED tail lights seen on most other models in the Pulsar family. However, the alloy wheel design is exactly the same as the NS/RS models.
Powering the bike is a 24.5hp, 21.5Nm, 249cc, SOHC, oil-cooled engine which puts it between the Bajaj Pulsar 220F (20.4hp/18.5Nm) and Dominar 250 (27hp/23.5Nm). This engine comes paired to a five-speed gearbox with a slip and assist clutch.
Coming to the suspension, the new Pulsar gets a telescopic fork up front with a monoshock at the rear — the first non-NS/RS Pulsar to use a rear monoshock. The bike comes equipped with a 300mm disc up front and 230mm disc at the rear with single-channel ABS. The new Pulsar has a fuel tank capacity of 14 litres and weigh 162kg for the N250 and 164kg for the F250.
ServiceNow, Inc. Q3 adjusted earnings Beat Estimates
ServiceNow, Inc. (NOW) released a profit for its third quarter that advanced from the same period last year.
The company’s profit came in at $63 million, or $0.31 per share. This compares with $13 million, or $0.06 per share, in last year’s third quarter.
Excluding items, ServiceNow, Inc. reported adjusted earnings of $314 million or $1.55 per share for the period.
Analysts had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 31.3% to $1.51 billion from $1.15 billion last year.
ServiceNow, Inc. earnings at a glance:
-Earnings (Q3): $314 Mln. vs. $241 Mln. last year.
-EPS (Q3): $1.55 vs. $1.21 last year.
-Analysts Estimate: $1.38
-Revenue (Q3): $1.51 Bln vs. $1.15 Bln last year.