shares moved slightly higher after reporting solid fourth-quarter earnings
, after factoring Nokia
-related operations into the mix.
The Boeing Company
(BA), the world's largest aerospace/defense corporation, achieved record bottom-line results in the second quarter. Wider margins and a lower share count helped it post earnings of $2.24 per share, which was far higher than expected.
Telecom giant and Dow-30 component Verizon Communications
(VZ) has reported in-line second-quarter earnings, and the stock was little changed on the news.
Diversified chemicals manufacturer
and Dow-30 component DuPont’s second-quarter results
fell short of expectations
. However, investors do not appear overly concerned, as the stock has hardly moved.
Dow-30 component Coca-Cola reported mixed results for the second quarter, with the stock trading lower on the news.
Despite a decent second-quarter report, shares of United Technologies
traded modestly lower on concerns of slowing growth in China.
Property/Casualty insurance giant and member of the Dow-30 Index Travelers
(TRV) has reported somewhat mixed second-quarter results. Operating share net, which excludes capital gains and losses from investments, came in at $1.93, which was $0.12 lower than we had anticipated and 9% below the year-earlier tally. TRV stock traded lower on the news.
Shares of McDonald's Corp. fell slightly after the restaurant operator delivered second-quarter sales and earnings that fell short of investors' expectations.
Value Line is initiating coverage of Saputo Inc.
(SAP.TO). The company produces, markets, and distributes a wide array of high quality dairy products including cheese, milk, extended-life milk and cream products, cultured products, and dairy ingredients. It is one of the top ten dairy processors in the world, and the largest in Canada. Shares of Saputo trade on the Toronto Stock Exchange.
, Dow-30 component and global computer
hardware, software, and services provider, has turned in another quarter of higher earnings on lower revenues in the June period. The stock
pulled back modestly in morning trading.