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Tag Archives: revenue

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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Schlumberger reduces workforce by 2,000 in first quarter

HOUSTON (AP) — Schlumberger NV trimmed its workforce by about 2,000 to 2,500 people in the first quarter as the company’s profit slumped 49 percent amid the continuing slump in oil and gas drilling. The company said in a news release that its workforce, which started the year at 95,000, ended the first quarter on March 31 with 93,000 employees. ...

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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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Alaska governor may call special session over budget

Alaska governor may call special legislative session over budget

JUNEAU, Alaska (AP) — Alaska Gov. Bill Walker said he is willing to call the Legislature into a special session if lawmakers don’t pass any revenue proposals to help close a multibillion-dollar budget deficit. His push for more income comes as the state’s Department of Revenue on Monday released a forecast showing another $300 million drop in funding for the ...

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Oil fueling Eddy County’s economic future

Oil fueling Eddy County's economic future

CARLSBAD, N.M. — Stakeholders in New Mexico’s oil and gas industry, particularly in Eddy County, are bracing for where crude oil prices will land in this new year. The New Mexico Oil and Gas Association says the state had a record producing year but a drop in prices in 2015 had many wondering if it was the end of a boom, ...

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Baker Hughes expects less drilling in 4th qtr

Oilfield services provider Baker Hughes Inc said it expects less drilling in the current quarter due to reduced customer spending but said it was seeing “stronger interest” in services that help increase oil and gas production. Baker Hughes, which is being acquired by larger rival Halliburton Inc, reported a net loss attributable to the company of $159 million, or 36 ...

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RAD gets more than $100M in grant requests

money

Pittsburgh city parks plan to install safer playgrounds, Port Authority of Allegheny County aims to improve commutes for bus riders, and Carnegie Museums of Pittsburgh needs to upgrade its aging elevators. The three entities are among more than 100 applicants turning to the Allegheny Regional Asset District to compete for more than $90 million in grants available in 2016. Monday ...

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Magnum Hunter could bring in some serious cash

magnum

If Magnum Hunter Resources Corp. can close two deals, the company would be bringing in some major cash. The company has the potential to close two major deals by the end of August, and one of the deals would bring in over $500 million.  Magnum Hunter is looking to sell its interests in its Eureka Hunter Midstream pipeline system, which ...

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Lackluster venture may spur port to cut budget revenues by millions

In an unusual move, the Port of Vancouver is expected to cut $15.29 million in revenue from its overall 2015 budget because it now anticipates a new freight-hauling venture will not live up to expectations. Under the “dedicated rail service” plan, the port anticipated $18.57 million in revenue from leasing rail cars to haul oil-drilling materials to North Dakota; those ...

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The U.S. oil fracker’s dilemma: crouch or pounce?

HOUSTON – U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. In a way, the conundrum is as old as the first oil well. If producers ...

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