During the second quarter
, oil giant
and Dow-30 member Chevron
reported its third-consecutive bottom-line loss on a GAAP basis
, with lower oil prices
once again weighing on operating results. However, on an adjusted basis, earnings topped Wall Street’s consensus estimate. The stock fell moderately initially, in response, but recovered as oil prices perked up a bit.
(XOM) stock was down modestly after the company posted weak June-quarter results.
Shares of Merck
rose slightly after the drugmaker
and Dow-30 member’s second-quarter results beat expectations
Beverage giant Coca-Cola
failed to impress investors with its June-quarter results
. Coke shares
have been solid performers
throughout most of 2016,
but support faltered noticeably after
the company reported
its fifth-consecutive negative earnings comparison
, which have become a major battleground between Wall Street's bulls and bears, rebounded sharply
, past the $100 mark, after the technology heavyweight
posted better-than-anticipated results
for the third quarter of fiscal 2016
(year ends September 24th) and issued upbeat near-term guidance
Dow-30 component The Boeing Company
(BA) has reported solid June-quarter financial results
. Revenues at the world's largest aerospace/defense company were $24.8 billion, which was 1% higher than the year-earlier figure. On a GAAP basis, the bottom line was a deficit of $0.44, but that included a couple of sizable, one-time charges that we have excluded from our financial presentation.
Verizon stock dipped slightly
after the telecom giant
and Dow-30 component reported disappointing second-quarter financial results
Diversified products maker 3M's second-quarter results did not live up to expectations
. Share earnings came in at $2.08, 3% better than the year-earlier tally, but a couple of pennies shy of our estimate, despite an aggressive stock-buyback program.
Shares of McDonalds
(MCD) fell after the restaurant operator released second-quarter results that did not live up to expectations. While the interim marked the fourth-consecutive quarter of positive comps, management noted a “challenging environment in several key markets.
Diversified chemicals manufacturer and Dow-30 component DuPont has reported
its second-quarter earnings
. The company posted total sales of $7.061 billion, off slightly from the prior-year figure. Modest volume growth was more than offset by pricing softness, currency effects, and an unfavorable portfolio mix.