Earnings roundup: Second-quarter profit slips at Frost, Valero, Tesla

Welcome back to Earnings Roundup, SA Inc’s weekly summary of the latest financial reports from companies of local interest. Look for it online Monday during quarterly and annual earnings reporting periods. This week’s roundup of recent quarterly financial reports includes San Antonio-based Cullen/Frost Bankers Inc., Valero Energy Corp. and Digerati Technologies Inc., along with others of local interest, such as Austin area-based Tesla Inc.; Dallas-based Tenet Healthcare Corp.

Valero Energy profits fall as refining margins are squeezed by rising supply and lower prices Revenue: $34.49 billion vs. $34.51 billion Quotable: “We see continued strength in our U.S. wholesale system with sales exceeding one million barrels per day in the second quarter.” — CEO Lane Riggs Digerati 3Q revenue dips, loss doubles Cloud services provider Digerati Technologies Inc.’s revenue fell 5.2% year over year during its fiscal third quarter that ended April 30.

Digerati Technologies CEO on leave of absence for surgery; board executive chairman fills in Net income: Loss of $4.53 million vs. loss of $2.24 million Revenue: $7.43 million vs. $7.84 million Quotable: “Although it was a challenging quarter … our operations remain strong.” — interim CEO Craig Clement Tesla profit down as 2Q EV sales dip AUSTIN — Tesla Inc.

Tesla stock nosedives after disappointing earnings give investors little hope Net income: $1.48 billion vs. $2.7 billion Revenue: $25.5 billion vs. $24.93 billion Quotable: “We are on track to deliver a more affordable model in the first half of next year.” — CEO Elon Musk Baptist Health parent trims payroll DALLAS — Tenet Healthcare Corp., parent company of Baptist Health System, more than doubled second-quarter profit year over year. While its revenue was up 0.

After 50 years, Southwest to assign seats as profit falls Revenue: $7.35 billion vs. $7.04 billion Quotable: “I know there are going to be customers who say, ‘I want to stay with open seating.’ It’s a minority.” — CEO Robert Jordan American reworking sales, distribution FORT WORTH — American Airlines Group Inc.’s second-quarter profit fell 46.4% year over year, despite a 2% rise in revenue.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market StrategyDiscover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.
Fuente: DailyFX - 🏆 305. / 63 Leer más »

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
Fuente: CNBC - 🏆 12. / 72 Leer más »

AMC warns of second-quarter earnings ‘weakness,' with revenue and profit downAMC’s preliminary results revealed revenue down more than 23% during the period and a net loss, compared to a profit during the same period a year…
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »

Tesla set to report second-quarter earnings after the bell TuesdayAfter a rocky first half, in which Tesla cut more than 10% of headcount, the EV maker will try to refocus investors on what’s working and what lies ahead.
Fuente: NBCLA - 🏆 319. / 59 Leer más »

Tesla set to report second-quarter earnings after the bell TuesdayAfter a rocky first half, in which Tesla cut more than 10% of headcount, the EV maker will try to refocus investors on what’s working and what lies ahead.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Tesla reports second-quarter earnings on Tuesday and investors want a robotaxi updateTesla’s second-quarter earnings call will give investors insights into CEO Elon Musk’s new priorities after the company reported its biggest revenue…
Fuente: NBCLA - 🏆 319. / 59 Leer más »