Company News: Chevron (CVX) quarterly earnings beat analysts’ forecast

Market news

2 November 2018

Company News: Chevron (CVX) quarterly earnings beat analysts’ forecast

Chevron (CVX) reported Q3 FY 2018 earnings of $2.11 per share (versus $1.03 in Q3 FY 2017), beating analysts’ consensus estimate of $2.06.

The company’s quarterly revenues amounted to $43.987 bln (+21.5% y/y), missing analysts’ consensus estimate of $47.171 bln.

CVX rose to $113.25 (+1.87%) in pre-market trading.

Downgrades before the market open

U.S goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August

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