Effective tax rate just 20% “The effective tax rate was 20% in the third quarter.” Fears of reduced growth in China and additional Iranian exports are offsetting tightening supply/demand picture “as we enter the last quarter of the year, the … Continued
Dramatic reduction in US land activity has created massive oversupply “In U.S., land activity was down in all basins in the second quarter with the rig count dropping below 860 for most of the month of June. In addition to … Continued
Jeremy S., an investment analyst here in Southern California, has started to contribute to Avondale’s company notes database. Below are quotes from some of the calls that Jeremy has read this week. Google (GOOGL) CFO Ruth Porat said she … Continued
1/4 of the revenue decline was driven by currency “Our first quarter revenue of $10.2 billion decreased 19% sequentially, while pretax operating margin decreased 255 basis points. Approximately 25% of the sequential revenue decline was attributable to the currency effect … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Cutting 9k jobs, bringing … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Heavy rain in the … Continued
A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Severe winter weather in China and Russia too “In spite of severe winter weather impacting activity in our … Continued
A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Brazil likely weak through 2014 before resuming strength in 2015 “In Brazil the business environment remained difficult with … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or … Continued