Chevron shares jump after profit beats estimates quoting : "CNBC"

Chevron Corp. facebook/" target="_blank">shares rose 2.2% in premarket trade Friday, after the oil major beat first-quarter profit expectations. Revenue rose to $33.4 billion from $23.6 billion. Chevron said it had net income of $2.7 billion, or $1.41 a share, in the quarter, after a loss of $725 million, or 39 cents a share, in the year-earlier quarter. Shares are down 10.4% in 2017, while the S&P 500 has gained 6.7%. The FactSet consensus was for EPS of 86 cents and revenue of $34.9 billion.


referring to
Samsung shares could see 48% rally as profit expected to hit record in 2017
Nomura upped its price target from 2.7 million Korean won to 3.3 million Korean won. The South Korean firm saw facebook/" target="_blank">shares hit 2.29 million Korean won ($2,011) during trade on Friday, breaking a previous record set on Thursday, and closed at 2.23 Korean won. It also said it expects operating profit of 53.2 trillion Korean won for 2017, which if achieved, would be Samsung's highest ever. The previous highest came in 2013 when the company reported full-year operating profit of 36.79 trillion Korean Won. It comes after Samsung reported a 48 percent year-on-year rise in its first quarter operating profit to 9.9 trillion Korean won, driven by strength in its semiconductor and display division.


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collected by :Jack Luxor

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