Earnings Earnings Announcements

  • July 29- Phillips 66 joined larger rival Valero Energy Corp in saying that refiners are expected to process less crude in the second half of the year as margins shrink due to a gasoline glut. "My personal view is we've got a lot of inventory stacked up," Chief Executive Greg Garland said on a post-earnings call. Smaller rival Alon USA Energy Inc said on Friday it...

  • Shares of Phillips 66, whose second-quarter profit halved, fell as much as 3.2 percent to $73.82 in morning trade. Refining margins, the difference between the cost of crude and refined products, were $7.13 per barrel, well below Wells Fargo Securities analysts' estimate of $8.22 per barrel. The company has 14 refineries located in the United States, the United...

  • Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.

    Newell Brands stock is rose nearly 7 percent after the company posted better-than-expected earnings.

  • LAKEVILLE, Conn. _ Salisbury Bancorp Inc. on Friday reported second-quarter earnings of $1.7 million. Salisbury Bancorp shares have decreased 11 percent since the beginning of the year. Keywords: Salisbury Bancorp, Earnings Report.

  • NAUGATUCK, Conn. _ Eastern Co. on Friday reported second-quarter earnings of $2.1 million. On a per-share basis, the Naugatuck, Connecticut- based company said it had net income of 33 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • KNOXVILLE, Tenn. _ SmartFinancial Inc. on Friday reported net income of $1.2 million in its second quarter. The bank, based in Knoxville, Tennessee, said it had earnings of 15 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 29- AutoNation Inc Chief Executive Mike Jackson told Reuters the U.S. auto dealership chain will continue reducing stocks of unsold vehicles at its stores, responding to signs that U.S. vehicle sales growth has hit a plateau. "We still have work to do on inventory," Jackson told Reuters after the company reported second-quarter earnings from continuing...

  • CALGARY, Alberta, July 29- Enbridge Inc, Canada's largest pipeline company, reported a slightly lower-than-expected quarterly profit on Friday as its liquids pipeline business was hit by a massive wildfire in Fort McMurray, Alberta. Enbridge shares were last up 2 percent on the Toronto Stock Exchange at C $52.46, and analysts said investors were likely...

  • *Swings to Q2 loss on low oil price, Italy shutdown. MILAN, July 29- Italy's Eni has raised the target for the amount of oil and gas it expects to discover this year by 50 percent, helping to offset a surprise net loss in the second quarter as it took a hit from lower crude prices. The company also said on Friday it expected output to grow by more than 5 percent next year as...

  • CHICAGO, July 29- United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty. Chief Executive David Abney told Reuters UPS is adding capacity to its network and will work more...

  • LUXEMBOURG _ ArcelorMittal SA on Friday reported second-quarter net income of $1.11 billion. The Luxembourg- based company said it had net income of 38 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO, July 29- Canada's main stock index fell on Friday as economic data and energy earnings highlighted the damage done by a massive wildfire that hit oil sands production starting in May, with the index headed for its first weekly decline since mid-June. Both companies reported earnings that were negatively impacted by massive wildfires in northern...

  • TOKYO _ Sony Corp. on Friday reported fiscal first-quarter net income of $205 million. On a per-share basis, the Tokyo- based company said it had profit of 16 cents. Sony shares have increased 34 percent since the beginning of the year.

  • MIDDLEBURG, Va. _ Middleburg Financial Corp. on Friday reported second-quarter earnings of $2.7 million. Middleburg Financial shares have risen 51 percent since the beginning of the year. Keywords: Middleburg Financial, Earnings Report.

  • HOUSTON, July 29- Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector. "It's a challenging environment for the integrated" oil producers, said Brian...

  • CALGARY, Alberta _ Enbridge Inc. on Friday reported second-quarter profit of $287.1 million. The Calgary, Alberta- based company said it had profit of 25 cents per share. Enbridge shares have climbed 18 percent since the beginning of the year.

  • *Says Alberta wildfires reduced net income by C $170 mln. July 29- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a surprise quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. The Alberta wildfires reduced output by about 60,000 barrels per day and net income by an estimated C $170 million, Imperial said on Friday.

  • Xerox's total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April. Xerox said it expected one-time pretax separation costs of $175 million- $200 million, lower than the $200 million- $250 million it had estimated earlier.

  • Chevron posts third straight quarterly loss

    The oil company continues its losing streak after recording impairment charges of $2.8-billion.

  • Exxon Mobil reports disappointing earnings

    The oil giant released its latest quarterly earnings results early Friday.