Company News: Chevron’s (CVX) quarterly results miss analysts’ expectations

Market news

27 July 2018

Company News: Chevron’s (CVX) quarterly results miss analysts’ expectations

Chevron (CVX) reported Q2 FY 2018 earnings of $1.78 per share (versus $0.77 in Q2 FY 2017), missing analysts' consensus estimate of $2.09.

The company's quarterly revenues amounted to $42.236 bln (+22.5% y/y), missing analysts' consensus estimate of $46.622 bln.

CVX fell to $120.80 (-2.54%) in pre-market trading.

Downgrades before the market open

U.S preliminary GDP rose 4.1% in Q2, as expected

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