General merchandise retailer, Wal-Mart Stores, (WMT) reported marginally better-than-expected results for the fiscal first quarter (years end January 31st). Total revenue rose 2.5% to $118.8 billion, slightly higher than our $118.0 billion estimate. Earnings per share of $1.00 came in at the high end of the $0.90-$1.00 guidance range, and surpassed our call by $0.03. Encouragingly, this marked the first quarterly EPS increase in more than two years.
Shares of networking equipment maker
and Dow-30 component Cisco Systems
(CSCO) declined sharply
following the release of fiscal third-quarter results
and a weaker outlook
of The Home Depot
were up a bit
after the home-improvement retailer
delivered solid March-period financial results
and Dow-30 component The Walt Disney Company
reported softer-than-expected March-quarter sales
, and the stock fell more than 2%.
Tech giant Apple
has reported good results
for the second quarter
of fiscal 2017, though not good enough, it seems, and these shares dipped
a bit in response to light revenues
New York-based drugmaker and Dow-30 component Pfizer
(PFE) has reported first-quarter earnings of $0.51 a share
, versus $0.49 in the comparable period of 2016. The bottom-line improvement was fueled primarily by reduced production costs (-13%) and, to a lesser extent, lower SG&A (-2%) and R&D (-1%) outlays, which helped mitigate a 2% year-over-year dip in sales. Meantime, adjusted earnings
, which excluded one-time gains, charges, and other nonrecurring items, and are more closely followed by Wall Street, came in at $0.69 a share
, versus $0.67 in 2016.
of Merck little changed
after the drugmaker
gets off to a solid start in 2017
. First-quarter revenues
come in slightly above expectations.
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.