The Coca-Cola Company
(KO) continues to deliver lackluster results
. With the release of March-quarter numbers, the beverage giant has now reported eight consecutive quarters of negative earnings comparisons. In this case, share net declined 4%, to $0.43, coming in a penny below our estimate
(CAT) reported good first-quarter results
, while boosting its full-year 2017 outlook
Diversified manufacturing giant 3M Company
(MMM) got off to a good start in 2017. The Dow-30 company reported share earnings of $2.16, which was up 5.3%, year over year, and surpassed our expectation of $2.08. The biggest surprise, though, was a better-than-expected top-line performance. Indeed, the company posted sales of $7.685 billion, which represented a nearly 4% year-to-year increase and exceeded both our forecast ($7.475 billion) and the meager 0.4% advance recorded in the final quarter of 2016.
Diversified chemicals manufacturer
and Dow-30 component DuPont delivered solid first-quarter results
. Performance was favorable in most segments, and moderate volume growth helped.
Shares of McDonald's
(MCD) rose to an all-time high after the restaurant operator reported better-than-expected first-quarter results
. We expected stiff competition and tough comparisons to keep things in check during the March period, especially in the United States, but management was able to pull the right levers to keep comparable-store sales positive in all regions. On our shores, the year-earlier period benefited from the launch of All Day Breakfast (that quarter also had an extra day of sales due to leap year), so we expected comps here to be negative. However, the metric rose 1.7% in the United States, as leadership's ongoing initiatives to enhance the chain's menu, convenience, and value drove sales.
StockHighlightsDow 30 Earnings General Electric First Quarter 2017General Electric (GE Free GE Stock Report), a huge industrial conglomerate and Dow 30 member, has reported first quarter financials that were basically on par with consensus expectations. Truth be told, the company
Electronic payments processor Visa delivers strong March-period results
, fueled by a surge
in payments volume
, the telecommunications giant
and Dow-30 component
, reported worse-than-expected March-quarter earnings
. However, investors seem unfazed, with the stock down modestly
on the news.
of Travelers pulled back a bit
after the property/casualty insurance provider
reported worse-than-expected earnings
for the first quarter
American Express’ first-quarter earnings bested
, but the absence
of Costco-related business
remains a hurdle