a Dow-30 component that engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services, has reported fiscal 2020 first-quarter
(ended August 31st) financials
that surpassed expectations on both the top and bottom lines.
The report included a jump in sales to China that the investment community certainly was pleased with. As a result, NKE stock rose more than 5% in afterhours trading
and eclipsed the $90-a-share mark for the first time in its storied history.
of The Home Depot rose
after the home-improvement retailer released fiscal 2019 second-quarter results
Walmart shares trade modestly higher
on the release of the retail giant’s solid fiscal second-quarter
and increased guidance.
Networking equipment and software provider Cisco Systems
(CSCO) reported in-line results for the fiscal fourth quarter
(year ended July 31st). However, guidance was below expectations
and the shares are down moderately in response
and media conglomerate The Walt Disney Company
issued weaker-than-expected fiscal third-quarter results
(year ends September 30th). Investors
were not pleased
with the report, and the stock was down on the news
and Dow-30 member Chevron
has reported mixed second-quarter financial results
and the stock
has dropped slightly
on the news.
of Exxon Mobil climb modestly despite
the oil giant reporting lackluster June-quarter earnings.
, (VZ) the telecommunications giant and Dow-30 component, reported second-quarter earnings of $1.23 a share
, three cents above our estimate and 2.5% higher than the year-ago result, on a relatively flat top-line comparison. Investors seemed unphased by the company's performance, with Verizon stock up a modest 1% on the news.
(AAPL) stock is building upon its recent momentum
, climbing to near the $220 level, after the tech giant released an encouraging earnings report for the third quarter of fiscal 2019 (year ends September 28th). In fact, share net of $2.18 for the period clocked in nicely ahead of our estimate and Wall Street's consensus view of $2.10, despite a (slightly) worse-than-anticipated 12% drop in iPhone
New Jersey-based drugmaker and Dow-30 component Merck
(MRK) has reported second-quarter GAAP earnings of $1.03 a share, versus $0.63 in the comparable period of 2018
. The sharp year-over-year improvement was fueled by double-digit growth on the top line and reductions in restructuring (-74%) and R&D (-4%) expenses, partially offset by an uptick in SG&A costs (+8%) and higher taxes.