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Marathon Petroleum To Merge Midstream Units, Posts Surprise Loss
2019-05-08 16:03:42| OGI
Marathon Petroleum Corp. said on May 8 it would merge its midstream units in a $9 billion deal, and posted a surprise first-quarter loss due to higher prices of Canadian crude.
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Chesapeake Net Loss, Bigger-Than-Expected Capex Send Shares Down 4%
2019-05-08 15:44:39| OGI
Chesapeake Energy reported a bigger first-quarter net loss, as it spent more than analysts had expected and took a hit from lower natural gas and crude prices, sending its shares down 4%.
Sprint says more challenges ahead after quarterly loss, service revenues down 3.6%
2019-05-08 09:05:00| Telecompaper Headlines
(Telecompaper) Sprint reported a net loss of USD 2.17 billion for its fiscal fourth quarter to March, hurt by an impairment charge of USD 2 billion to write down assets. That compares to a small profit of USD 69 million in the year-earlier period. Revenues rose 4.4 percent to USD 8.44 billion, led by higher equipment sales, and adjusted EBITDA was up 13.3 percent to USD 3.14 billion, thanks to cost reductions and a positive effect from the new lease accounting standards.
Noble Energy Posts Bigger-Than-Expected First-Quarter Loss
2019-05-03 14:45:56| OGI
Noble Energy reported a bigger-than-expected first-quarter loss, as the U.S. oil and gas producer was hit by weak crude prices.
N Brown shares surge on revised strategy, despite FY loss
2019-05-02 12:46:00| Daily apparel & textile news and comment - from just-style.com
Shares in N Brown Group jumped by almost 18% this morning (2 May) despite the online, catalogue and stores retailer booking a statutory loss for the full year. The results, the first under new CEO Steve Johnson, came alongside a revised 'customer-centric' strategy, set around a UK focus, better products, smarter use of data to enhance fit, and an overhaul of its brand categories which will see the group move away from its 'Power Brands' description to simply 'womenswear' and 'menswear'.
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