Greenland Technologies Holding Corp
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GTEC Greenland Technologies Holding Corp
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Industrials : Machinery |
Based in China
Company profile

Greenland Technologies Holding Corporation, formerly Greenland Acquisition Corporation, through its subsidiaries, is primarily engaged in developing and manufacturing of traditional transmission products for material handling machineries and developing of a robotic cargo carrier prototype in China.

Day's Change
0.25 (9.06%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 92,552 shares is on pace to be much greater than GTEC's 10-day average volume of 28,087 shares.


Chevron profit rises but sales fall, amid COVID-19-related drop in demand for commodities

7:01 am ET May 1, 2020 (MarketWatch)

Chevron Corp. (CVX) reported Friday first-quarter earnings that rose but revenue that fell from a year ago, as commodity prices fell sharply in March primarily because of reduced demand amid the COVID-19 pandemic. "Financial results in future periods are expected to be depressed as long as current market conditions persist," the energy giant said in a statement. The stock was little changed in premarket trading. Net income rose to $3.60 billion, or $1.93 a share, from $2.65 billion, or $1.39 a share, in the year-ago period. Sales fell 13.1% to $29.71 billion, while total revenue, which includes income from equity affiliates and other income, declined 10.5% to $31.50 billion. The FactSet consensus for earnings per share was 65 cents and for sales was $29.1 billion. Chevron said it was further reducing its 2020 capital expenditure outlook by $2 billion to $14 billion, and expects operating costs to decrease by $1 billion. The company previously announced that it was suspending stock repurchases and has completed additional asset sales. "Together these actions are consistent with our longstanding financial priorities: to protect the dividend; to prioritize capital that drives long-term value; and to maintain a strong balance sheet," said Chief Executive Michael Wirth. The stock has dropped 14.1% over the past three months through Thursday, while crude oil futures have tumbled 64.4% and the Dow Jones Industrial Average has declined 13.8%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

May 01, 2020 07:01 ET (11:01 GMT)

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