Investors were unable to get all that excited today about the latest batch of earnings reports coming out of Corporate America. At the close, the Dow Jones Industrial Average was off 85 points and the S&P 500 gave back three points, although the NASDAQ managed nearly a 20-point advance.
Dunkin Brands experienced a largely positive year, in what was a challenging food distribution environment in 2014. While share-price expansion over the course of the year was less than impressive, the company has been able to grow in stride with the broader industry from an operational perspective. Indeed, the top line expanded a respectable 5% over the 2014 term, to nearly $750 million. And with the internationally renowned business expecting a comeback from its Baskin-Robbins brand, and high single-digit growth from its Dunkin Donuts units abroad, the company seems poised to combat noteworthy headwinds present in this industry.
Verizon Communications, the telecommunications giant and Dow-30 component, reported March-quarter earnings of $1.02 a share, above our estimate of $0.95 and a hefty 21% improvement over the year-earlier result, on a 3.8% top-line advance. Nevertheless, Wall Street did not seem overly enthused, with the stock trading slightly lower on the news.