Three companies in the Dow are just out with earnings: Goldman Sachs (GS), Verizon (VZ) and UnitedHealth Group (UNH). Goldman easily beat on the bottom line with adjusted earnings of $2.88 a share versus expectations of $2.47. Revenue, however, was below estimates at $6.72-billion versus $7.35-billion. As for Verizon, it beat on both the top and bottom lines with adjusted earnings of 77-cents a share versus 74-cents on sales of $30.28-billion versus $30.161-billion. Finally UnitedHealth matched on earnings estimates reporting $1.53 a share. Revenue was slightly under estimates at $30.62-billion compared to $30.86-billion.
Meanwhile, IBM is likely to drag the Dow down today. The stock is down more than 7% on its earnings. Hot Stock Minute host Lauren Lyster and Yahoo Finance Senior Columnist Mike Santoli has more in the video above.
- Health Care Industry
- Goldman Sachs
- UnitedHealth Group