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Magellan Midstream Sees Lower Fuel Pipeline Volumes for Rest of 2020
2020-07-31 15:39:11| OGI
Expansion projects are continuing and some have come online.
Google reports lower revenues, first even profit decline in Q2
2020-07-31 09:19:00| Telecompaper Headlines
(Telecompaper) Google's parent Alphabet reported lower revenues and its first ever revenue fall during the second quarter, even as the company's ad business started to recover amid the coronavirus pandemic.
Orange trims FY outlook as revenues, EBITDA turn lower in Q2
2020-07-30 09:36:00| Telecompaper Headlines
(Telecompaper) Orange said its business remained resilient in the second quarter, despite the global health crisis. Growth in France and the Middle East helped offset weakness in other European markets and the enterprise segment. Nevertheless, underlying results were slightly lower, and the French operator downgraded its full-year forecast for EBITDA, as the coronavirus weighs on results.
Samsung improves margins on lower sales in Q2, sees gradual recovery in H2
2020-07-30 08:45:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported higher earnings for the second quarter, helped by continued demand for its memory chips as well as a one-time gain at its display business. This helped offset the slump in the smartphone market and overall weaker consumer demand in April and May. Samsung said it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, helped by the launch of new products.
Hess Posts Smaller-Than-Expected Loss on Higher Output, Lower Costs
2020-07-29 15:53:53| OGI
U.S. oil and gas producer Hess Corp. reported a smaller-than-expected quarterly loss on July 29, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.
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