of UnitedHealth Group dive lower
following the release
of the company’s June-quarter results
International Business Machines
, (IBM) a global supplier of computer hardware, software, and services to large enterprises, as well as a Dow 30 component, reported earnings of $3.17 a share for the June quarter, adjusted for $0.36 of so-called nonoperating costs.
That compares favorably to our estimate of $3.05 and results in the 2018 June term of $3.08. Revenues declined a currency-adjusted 1.6%, but the stock traded higher in early Thursday morning trading.
Dow-30 member and healthcare conglomerate Johnson & Johnson
(JNJ) has reported better-than-expected second-quarter financial results today
. However, Wall Street was unimpressed and bid the stock lower in intra-day trading
. We think that the pullback is tied to the investment community's concerns regarding ongoing lawsuits regarding JNJ's talc baby powder. Increased industry probes into the country's opioid epidemic may be in the back of the minds of some, too.
StockHighlightsDow 30 Earnings Goldman Sachs Second Quarter 2019Global investment banking leader Goldman Sachs (GS – Free Goldman Sachs Stock Report) has reported mixed financial results for the second quarter. Revenue of $14.2 billion was about 4% higher than last year's
JPMorgan Chase reported better-than-expected June-period results
, mainly powered by a strong performance
by its Consumer and Community Banking business
. Investors bid
the stock up modestly
Shares of NIKE
are relatively unchanged
after the footwear and apparel retailer
released mixed May-period results
. Investors appear relieved
that the ongoing trade tensions
between the United States and China
have had minimal negative impact on NIKE’s business
Shares of Walgreens Boots Alliance
(WBA) traded higher in price following
the release of the pharmacy services giant's fiscal third-quarter financial results
and management's reaffirmation of full-year guidance. (Fiscal years end August 31st.) Indeed, the news seemed to help alleviate some of Wall Street's concerns that were raised from the company's poor second-quarter showing and management's decision to drastically slash guidance just a few months ago.
Shares of The Home Depot
(HD) were little changed after the world's largest home-improvement retailer released decent fiscal first-quarter
(ended May 5th) financial results. Sales in the three-month period increased 5.7% from a year earlier, to $26.381 billion, nearly matching our $26.400 billion target. That said, comparable-store sales growth of 2.5% was below consensus analyst estimates of 4.2%. Inclement weather and an extra week in the previous year weighed on the retailer's same-store sales.
(WMT) shares trade higher
on the release
of the retail giant’s fiscal first-quarter financial results.
Networking software and equipment designer Cisco Systems, Inc
. (CSCO) reported solid results for the fiscal third quarter ended April 27, 2019.
Total revenue increased 6% year over year to $13.0 billion, matching our estimate. Adjusted earnings per share of $0.78 beat our call by $0.02 and increased 18% over the previous year.