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Oil producer $CVX reported a 2Q16 loss of $1.47Bil or $0.78 per share compared to $571MM or $0.30 per share last year, due to lower oil prices and a decrease in revenues. The latest quarter loss included $2.8Bil impairments and other non-cash charges. Total revenues dropped to $29.28Bil from $40.36Bil.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.