and Dow-30 member Chevron
(CVX) begins 2017
with notable bottom-line recovery
posts better-than-expected earnings
, fueled by strong demand for Office 365
and Cloud Computing
(XOM) stock up modestly after the company reports solid March-quarter earnings.
Chip behemoth Intel
(INTC) reported solid results for the March quarter
. On point, revenues came in at nearly $14.8 billion, a year-over-year improvement of approximately 8%. Furthermore, share net clocked in at $0.66 on a non-GAAP basis (excludes nonrecurring items), representing an increase of more than 22% from the previous-year period.
StockHighlightsDow 30 Earnings United Technologies First Quarter 2017United Technologies (UTX – Free United Tech. Stock Report), an industrial conglomerate and a Dow 30 component, has reported financial results for the first quarter of 2017. Revenues and earnings surpassed both our
Shares of Procter
tumbled after the household goods titan
released March-interim results that fell short
what most on Wall Street had been looking for.
Shares of Boeing
(BA) slipped after the aerospace/defense giant posted mixed first-quarter results.
The report was quite good, overall, and management raised its earnings guidance, but the equity was trading close to its all-time high going into the release, so the bar was set rather high and the figures were under a microscope.
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.