reported 2019 first-quarter earnings
that improved on last year’s numbers
seemed rather underwhelmed
by the company's recent performance
, with the stock down modestly
on the news.
, (UTX) a diversified industrial company that makes everything from jet engines to escalators, has reported first-quarter financials for the period ending March 31, 2019
. Results beat expectations in terms of both revenues and earnings, and management raised the lower end of its full-year share-net guidance. On the heels of these positives, the stock was up more than 3% in value in early morning trading.
Today's rise in price pushes the year-to-date increase in UTX's quotation north of 30% as we approach the one-third mark of 2019.
Procter and Gamble stock pulled back after the consumer goods company released March-period financials. The figures were solid, overall, but fell slightly short of our estimates.
The Coca-Cola Company
(KO) started 2019 in solid fashion
. The beverage giant's March-quarter results showed revenues rising 5% year over year, to $8.0 billion. This growth included a 6% advance in organic revenues, as currency headwinds and contributions from acquisitions and other structural changes in the business largely offset each other. Top-line highlights include continued double-digit growth in Coke Zero Sugar
, which is helping to keep volumes in the flagship Coke brand on the rise.
Shares of Travelers
(TRV) were up nicely
after the insurance giant posted solid March-quarter results
and announced that it was raising its quarterly dividend
payout. Specifically, Travelers posted share earnings of $2.99 a share, which were up 22% versus the prior-year period and were nearly $0.40 better than our estimate. The improvement was fueled by lower catastrophe losses and a higher underwriting gain.
StockHighlightsDow 30 Earnings American Express First Quarter 2019American Express (AXP – Free American Express Stock Report), a Dow 30 component and one of the world's largest issuers of credit charge cards, reported mixed March period financial results. The stock price
International Business Machines
, (IBM) a global provider of computer hardware, software, and services to companies and institutions, as well as a Dow-30 component, has released its earnings for the March quarter.
Adjusted earnings of $2.25 a share met expectations, but revenues declined 4.7% year over year, or 0.9% adjusted for currency. The stock fell as much as 6%
in Wednesday mid-morning trading as investors apparently were disappointed by
the company's limited progress in accelerating sales of cloud computing offerings.
, (UNH) the largest U.S. health insurer and a Dow-30 member, has reported first-quarter results that beat expectations on both the top and bottom lines
. Too, management lifted its full-year earnings guidance bracket.
and Johnson’s first-quarter financials
, and the stock reacted favorably
Global investment banking leader Goldman Sachs
reported lackluster financial results
for the first quarter of 2019
. The company's revenue and share-net figures were both down from the same period in 2018, and the stock pulled back on the news.