, (GE) an industrial conglomerate in the process of selling off its financial unit in an effort to get back to its industrial roots, has posted third-quarter financials for 2017
. The revenue figure beat both our and Wall Street's expectations, but earnings missed the mark by a wide margin, and the full-year bottom-line outlook was trimmed by a substantial amount.
seemed largely unimpressed
with Procter & Gamble’s September-quarter financial results
, as the stock price was down slightly this morning.
are trading modestly higher
of the telecommunications giant’s
decent third-quarter results
Property/Casualty insurer Travelers
(TRV) reported decent results for the September quarter
, given the challenges currently facing the P/C insurance market. This year has been one of the most severe hurricane seasons
(June 1st through November 30th) on the domestic front in quite some time.
, (AXP) a Dow-30 component and one of the world's largest issuers of credit cards, has reported September-period financial results
. For the quarter, revenues of $8.4 billion were nicely ahead of the year-earlier figure ($7.8 billion) and beat our estimate of $8.3 billion. Share net came in at $1.50, which was a nickel better than our expectation and compared favorably with the $1.20 achieved last year. Following the earnings announcement, shares of AXP didn't move much.
International Business Machines
(IBM) reports better-than-expected third-quarter results
, sending the stock significantly higher
, (UNH) the nation's largest healthcare insurer, reported third-quarter results
that met consensus revenue targets and beat earnings expectations by a handsome margin. Too, management raised its EPS guidance for 2017 and reiterated its outlook for 2018. On the heels of these positives, UNH stock rose to a fresh 52-week high north of the $204 mark, and has since retreated to a quotation just below that level. Still, the stock is up more than 5% on the news.
Johnson and Johnson’s quarterly report
, prompting investors
to purchase shares
Despite a solid third-quarter performance
with Goldman Sachs’ lower trading revenues.
Shares of JPMorgan Chase
, (JPM) which have been trading close to their 12-month high lately, slipped modestly even after the company, one of the largest banks in the United States and a member of the Dow 30, turned in decent September-quarter results. The most recent performance was aided by higher interest rates, a benign credit climate, and the company's ongoing efforts to build up its businesses. All told, September-period reported earnings of $1.76 a share
exceeded both the $1.58 logged in the comparable quarter of 2016 and our estimate of $1.65. Revenues increased 3%, year to year
, powered mainly by a 10% advance in net interest income that was partly offset by a 4% decline in fee-based revenues. Meanwhile, expenses in the quarter were flattish.