Chevron Corp. Q3 Income Drops

(RTTNews) - Chevron Corp. (CVX) released earnings for third quarter that fell from the same period last year.

The company's profit totaled $2.58 billion, or $1.36 per share. This compares with $4.05 billion, or $2.11 per share, in last year's third quarter.

Analysts had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.9% to $36.12 billion from $43.99 billion last year.

Chevron Corp. earnings at a glance:

-Earnings (Q3): $2.58 Bln. vs. $4.05 Bln. last year. -EPS (Q3): $1.36 vs. $2.11 last year. -Analysts Estimate: $1.45 -Revenue (Q3): $36.12 Bln vs. $43.99 Bln last year.