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BP Higher Ahead of Earnings
Published on Monday, 26 July 2010 10:27 Written by Christopher Lynn
New York, July 26th (TradersHuddle.com) - Shares of BP plc (NYSE:BP) are trading higher by +3.69% ahead of its
quarterly earnings release. BP, the energy producer based in England is expected to release its quarterly results on July 27th.
Wall Street Analysts consensus calls for a profit of $1.39 a share on $72.6 billion revenue.
BP estimates have a range of $0.67 a share. The high estimate calls for profit of $1.68 a share and the low estimate is calling for a profit of $1.01 a share, a year ago for the quarter the company reported $0.94 a share.
BP plc (NYSE:BP) is an oil and petrochemicals company. The integrated oil company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP was founded in 1889 and is headquartered in London, UK.
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