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First Solar stock sinks on 1Q revenue letdown

First Solar stock sinks on 1Q revenue letdown

TEMPE, Ariz. (AP) — First Solar generated a first-quarter profit that exceeded analysts’ projections, but the solar power provider jolted investors with a disappointing sales performance. The numbers released late Wednesday caused First Solar’s stock to fall $3.88, or more than 6 percent, to $58.15 in extended trading. The largest U.S. solar company earned $170.6 million, or $1.66 per share, ...

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Delta Air Lines’ 1Q profit rises 27 percent to $946 million

Delta Air Lines' 1Q profit rises 27 percent to $946 million

DALLAS (AP) — Cheaper jet fuel continues to give airlines a lift, helping Delta boost its first-quarter earnings by 27 percent to $946 million. The airline spent one-third less on fuel than it did a year earlier, a savings of more than $700 million. That offset higher spending on labor, especially profit sharing for employees. The news was not entirely ...

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JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan Chase said its first-quarter profit fell more than 8 percent from a year earlier, and future profit growth could be threatened after it failed a key regulatory test designed to prevent another financial crisis. First quarter profit at JPMorgan, the nation’s largest bank by assets, was hurt by weak results at its investment banking division and by loans to ...

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Huntsman Corp. posts 4Q profit

Huntsman Corp. posts 4Q profit

Woodlands-based manufacturer Huntsman Corp. remains profitable even in a weakening economy with tighter profit margins. The company reported a net income gain of $9 million in the fourth quarter of 2015. The company recorded a net loss of $35 million during the fourth quarter 2014. Huntsman kept its earnings positive even though its quarterly revenues declined by 23 percent from $2.95 ...

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Valero Energy posts better-than-expected profit

Valero Energy posts better-than-expected profit

Valero Energy reported higher-than-expected earnings on Thursday. The San Antonio-based company earned $862 million in profit during the fourth quarter 2015. The San Antonio oil refiner reported earnings of $1.79 per share, beating the average estimate of $1.41 per share. High crack spreads, the difference between crude oil and refined petroleum products, have meant strong profits for oil refiners despite ...

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Delta posts $980 million 4Q profit on lower fuel prices

Delta posts $980 million 4Q profit on lower fuel prices

DALLAS — Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago. Delta shares rose 3.3 percent Tuesday, recovering nearly one-fourth of their losses this month. Company officials said bookings for this spring are ahead of last year’s pace because lower gasoline and heating ...

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Cost-cutting helps Consol Energy turn profit

Continued cost-cutting at Consol Energy Inc. and the sale of its share in a smaller mine helped the Cecil company turn a profit during the third quarter despite falling prices for the coal and natural gas it produces. Consol early Tuesday reported net income of $119 million or 52 cents per share during the three months ended Sept. 30, up ...

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Scotiabank energy-sector bad loans climb; profit tops estimates

TORONTO – Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada’s third-largest bank, slipped 1.5 percent in mid-morning trading. Gross impaired loans to the oil and gas sector more than doubled in the third ...

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Hercules Offshore posts loss due to soft demand, weak prices

Drilling contractor Hercules Offshore Inc reported a first-quarter loss compared with a profit a year earlier, hurt by soft demand and weak rig prices. The company recorded a $15.2 million charge related to early debt retirement and issuance costs in the year-ago quarter. Hercules reported a net loss of $57.1 million, or 35 cents per share, for the quarter ended ...

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