It was a good day for U.S. equities as crude oil gained 0.4% and consumer staples were 0.8% better by day’s end. The S&P 500 Index gained 0.1%, the Dow Jones Industrial Average wafted up 0.1% and the Nasdaq Composite gained 0.4%.
As earnings season starts winding down, Anadarko Petroleum Corporation (NYSE:APC), Envision Healthcare Corporation (NYSE:EVHC) and Newfield Exploration Co. (NYSE:NFX) reported on their quarters.
Here’s how they did:
Anadarko Petroleum Corporation (APC)
Anadarko had a rough quarter that saw its shares take a hit after the bell yesterday.
The U.S. oil and gas producer said that its third-quarter figures were underwhelming due to the rise in the prices of rising commodity prices, as well as cost cuts.
For the period, Anadarko, posted a loss of $699 million, or $1.27 per share, while its loss came in at $830 million in the year-ago period, amounting to $1.61 per share.
On an adjusted basis, the company reported a loss of 57 cents, which was wider than the Wall Street consensus estimate of 56 cents per share, according to Thomson Reuters.
“Looking to 2018, we will continue to demonstrate financial discipline as a foundational principle,” Anadarko CEO Al Walker said in a Tuesday press release.
APC stock fell 0.8% after the bell Tuesday.
Envision Healthcare Corporation (EVHC)
Envision Healthcare unveiled its results yesterday.
For its third quarter, the company raked in earnings of 33 cents per share, or 73 cents per share on an adjusted basis. Analysts polled by Thomson Reuters were calling for earnings of 88 cents per share.
Envision Healthcare also posted revenue that failed to top the mark, coming in at $1.99 billion compared to the Wall Street consensus estimate of $1.99 billion.
For its fourth quarter, the company forecasts that it will generate revenue between $1.88 billion and $2.02 billion, missing the Wall Street outlook of $2.07 billion.
In terms of earnings, Envision predicts it will rake in 44 cents to 54 cents per share.
EVHC stock was trading flat after hours.
Newfield Exploration Co. (NFX)
Newfield Exploration reported on its third quarter after the toll of the bell as well.
The company earned $104 million on an adjusted basis, which amounts to roughly 52 cents per share, while its GAAP earnings were 44 cents per share. Analysts were calling for earnings of 41 cents per share, according to Thomson Reuters.
The company said revenue for the quarter rose 12.0% year-over-year to $439 million from $392 million. Newfield Exploration’s quarterly consolidated net production was roughly 161,700 BOEPD (42% oil and 64% liquids).
The company also increased its mid-point of its full-year 2017 production outlook. For its fourth quarter, Newfield Exploration believes its net domestic production will average roughly 168,000 BOEPD.
NFX shares surged 2.3% after Tuesday’s market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
