Notable ETF Movers of the Day 10/10: (ITB) Higher; (XLE) (SMH) Lower

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Chevron (CVX) Sees Q3 EPS 'Substantially' Lower than Q2

October 9, 2012 5:04 PM EDT

Chevron Corporation (NYSE: CVX) reported in its interim update that earnings for the third quarter 2012 are expected to be substantially lower than second quarter 2012. Upstream results are projected to be lower between sequential quarters, reflecting foreign exchange losses and lower liftings and realizations,... More