Shares of The Home Depot
(HD) were little changed after the world's largest home-improvement retailer released decent fiscal first-quarter
(ended May 5th) financial results. Sales in the three-month period increased 5.7% from a year earlier, to $26.381 billion, nearly matching our $26.400 billion target. That said, comparable-store sales growth of 2.5% was below consensus analyst estimates of 4.2%. Inclement weather and an extra week in the previous year weighed on the retailer's same-store sales.
(WMT) shares trade higher
on the release
of the retail giant’s fiscal first-quarter financial results.
Networking software and equipment designer Cisco Systems, Inc
. (CSCO) reported solid results for the fiscal third quarter ended April 27, 2019.
Total revenue increased 6% year over year to $13.0 billion, matching our estimate. Adjusted earnings per share of $0.78 beat our call by $0.02 and increased 18% over the previous year.
Media conglomerate The Walt Disney Company
issued fiscal second-quarter results
(year ends September 30th), and the Parks, Experiences, and Products segment was the brightest star
had a rather ho-hum reaction
to the report, and the stock was down slightly
on the news.
by first-quarter results
sent shares of Dow Inc. trading slightly lower
(AAPL) shares are back in a strong rally mode
, rising above the $210-per-share mark, on the heels of the tech giant's earnings release for the second quarter of fiscal 2019 (year ends September 28th). The Dow component had been under heavy pressure early in the year, falling into the $140s, with investors worried about a slowdown in the core iPhone
franchise and challenging operating conditions in China.
posts solid first-quarter results
, powered by Keytruda
. The stock
was up modestly
on the news
and Dow-30 component Pfizer
reported better-than-anticipated March-period earnings
. Investors, encouraged
by the biopharma portfolio, bid the stock up
slightly in early trading
Shares of McDonald's
(MCD) were little changed after
the restaurant operator delivered a strong first-quarter sales performance
but missed the mark on the bottom line
. While the top line did slip nearly 4% from a year earlier, to $4.956 billion, the figure was slightly ahead of our $4.950 billion forecast. Moreover, the year-over-year dip was due to the effects of refranchising activity
and unfavorable foreign currency
movements, not a deterioration in fundamentals
Oil giant Chevron Corp
. (CVX) has reported 2019 first quarter earnings per share of $1.39
, compared to $1.90 a year earlier and our estimate of $1.55. Results were hurt by lower crude oil prices and weak refining margins
, offset to an extent by rising production from domestic oil fields. The shares eased slightly on the news, although recently the stock has been affected to a greater degree by its proposed move to purchase driller Anadarko Petroleum.