PetroChina Sees Improvement in Refining Segment in Q3

PetroChina reported third-quarter results that included decreasing refining losses, which we attribute to China’s adjusted refined product pricing mechanism. Exploration and production operating profit for the quarter was roughly even with the same period last year, but broke a sequential downtrend in 2013 over the first six months of this year. On the whole, PetroChina’s quarterly results were reasonably close to our expectations, and we … Continue reading PetroChina Sees Improvement in Refining Segment in Q3

INFA Reports Strong Quarter Despite Macro Headwinds

Informatica reported solid first-quarter results with revenue growth slightly exceeding expectations, as increased hiring and investment weighed on margins.  The firm grew revenue 9.3% from the year-ago period to $214.3 million, 5% ahead of our model. Informatica changed the way it reports revenues by giving more details, which we find helpful. Service revenue was strong, gaining 14.8% year over year to $126.4 million. The Consulting … Continue reading INFA Reports Strong Quarter Despite Macro Headwinds