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Hess Announces Exploration Agreement in Kurdistan Region of Iraq
Wednesday, July 27, 2011 - 5:53am | 134Hess Corporation (NYSE: HES) announced today that, in partnership with Petroceltic International PLC, it has signed production sharing contracts with the Kurdistan Regional Government of Iraq for its Dinarta and Shakrok exploration blocks. Hess is the operator and has a 64 percent participating...
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US Stock Futures Flat; Amazon Shares Rise In Pre-Market Trading
Wednesday, July 27, 2011 - 5:12am | 505US stock futures are flat this morning, amid concerns over sovereign debt. Shares of Amazon.com Inc (NASDAQ: AMZN) surged about 6% in pre-market trading after the company reported upbeat quarterly results. Futures for the Dow Jones Industrial Average gained 11 points to 12,443.00 and S&P 500...
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Earnings Scheduled For July 27
Wednesday, July 27, 2011 - 3:43am | 515Symantec Corporation (NASDAQ: SYMC) is expected to report its Q1 EPS at $0.37 on revenue of $1.59 billion. Corning Incorporated (NYSE: GLW) is projected to report its Q2 EPS at $0.47 on revenue of $1.96 billion. Visa Inc (NYSE: V) is projected to report its FQ3 EPS at $1.23 on revenue of $2.30...
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Earnings Preview: Chevron EPS, Revenue Expected to Rise from Previous Quarter
Tuesday, July 26, 2011 - 11:29am | 556Chevron (NYSE: CVX) releases its next round of earnings this Friday, July 29, 2011. Here's Benzinga's essential guide to Chevron's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of $3.53 per share and revenues of $71.58 billion. Investors will be...
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Market Movers Update
Tuesday, July 26, 2011 - 9:43am | 227Winners: Sino-Forest (OTC: SNOFF) is trading up over 18.50%. Lexmark (NYSE: LXK) is trading up almost 18.50% after the company reported earnings. Sanmina-SCI (NASDAQ: SANM)is trading up over 17% after reporting earnings. Volterra Semiconductor (NASDAQ: VLTR) is trading up over 14% after reporting...
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Earnings Roundup
Tuesday, July 26, 2011 - 8:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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UPDATE: Occidental Petroleum Reports 71% Surge In FQ2 Profit
Tuesday, July 26, 2011 - 7:25am | 65Occidental Petroleum Corp (NYSE: OXY) reported a 71% rise in its fiscal second-quarter profit. OXY's quarterly earnings surged to $1.82 billion, or $2.23 per share, from $1.06 billion, or $1.32 per share, in the year-earlier period. Its total revenue climbed 34% y/y to $6.17 billion. Analysts were...
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UPDATE: BP Swings To Q2 Profit
Tuesday, July 26, 2011 - 4:00am | 45BP PLC (NYSE: BP) swung to a Q2 net profit of $5.62 billion, from a loss of $17.2 billion in the year-earlier period. BP's replacement cost profit surged 13% y/y to $5.31 billion. BP shares dropped 2.42% to $45.64 in pre-market trading.
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Earnings Scheduled For July 26
Tuesday, July 26, 2011 - 3:47am | 507Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...
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Mad Money Lightning Round: Cramer Likes Parker Hannifin
Tuesday, July 26, 2011 - 3:18am | 214On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Parker Hannifin (NYSE: PH) is a “very inexpensive stock and I want to buy it." Cramer said that American Capital Agency (NASDAQ: AGNC) is “under a little pressure, so I'm going to send you to Annaly Capital (NYSE: NLY)." For...
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BP Q2 Profit Misses Estimates
Tuesday, July 26, 2011 - 2:54am | 271BP (NYSE: BP), Europe's second-largest oil company, reported a second-quarter profit of $5.6 billion, reversing a year-earlier record loss of $17 billion following the Gulf of Mexico oil spill, but even with the profit, the British oil giant missed the $5.9 billion analysts were expecting. Barring...
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Barclays Reiterates Overweight Rating On Petrobras
Monday, July 25, 2011 - 7:51pm | 270Barclays reiterated an "overweight" rating on Brazil's state-controlled oil producer Petrobras (NYSE: PBR) on Monday evening, citing a positive view of Brazil's booming oil and gas industry. Petrobras said it will not need to sell any more debt within 10 years as its production swells to 6.4...
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Murphy Announces Superior Refinery Sale for $214M
Monday, July 25, 2011 - 4:15pm | 186Murphy Oil Corporation (NYSE: MUR) announced today that it has entered into an asset purchase agreement pursuant to which its wholly-owned subsidiary, Murphy Oil USA, Inc., will sell its refinery in Superior, Wisconsin and related assets. The Superior Refinery is being acquired by Calumet...
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Noble Energy Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter
Monday, July 25, 2011 - 1:20pm | 539Noble Energy (NYSE: NBL) announces its next round of earnings this Thursday, July 28, 2011. Here is Benzinga's everything-that-matters guide for this Thursday's second quarter earnings announcement. Earnings and Revenue: Analysts are predicting an EPS reading of $1.32 per share and revenues of $...
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Earnings Preview: ExxonMobil EPS, Revenue Expected to Rise from Previous Quarter
Monday, July 25, 2011 - 1:20pm | 576ExxonMobil (NYSE: XOM) announces its next round of earnings this Thursday, July 28, 2011. Get prepared with Benzinga's ultimate preview for ExxonMobil's second quarter earnings. Earnings and Revenue: Analysts are looking ahead to a positive EPS of $2.35 per share and revenues of $121.39 billion...