Every company must wish they could be as good as Goldman (GS). The company absolutely shattered estimates when it released quarterly earnings at 7:30. Goldman earned $3.70 a share when expectations were for $2.82. Revenue was upwards of $8.6 billion when expectations were below $8 billion. Editor-in-Chief Aaron Task has more in the video above.
Johnson & Johnson (JNJ) and Coca-Cola (KO) also reported earnings this morning. J&J had a strong beat with earnings of $1.48 a share when estimates were for $1.39. Revenue was $17.9 billion beating expectations of $17.713 billion. Coke, however, has lost some of its fizz, merely meeting earnings estimates with 63-cents a share. It missed on revenue posting $12.75 billion versus $12.959 billion.
The Consumer Price Index climbed slightly more than predicted in June. The Department of Labor says Consumer Prices rose .5% for the month. Expectations had been for a rise of .4%. CPI rose .1% in May.
If you thought the proposed takeover of Smithfield Read More »from GS Earnings Stunner; June CPI; Smithfield Surprise; AT&T Turning into Contract Killer