Dow component Pfizer (PFE) is among the companies reporting earnings this morning. The drug-maker beat on the bottom line reporting adjusted earnings of 58-cents a share. Sales however were a slim miss, and the company is lowering its outlook for the year citing competition from generic drugs. Health insurer Aetna (AET) has also reported. Here's something rare: a miss on earnings, but a beat on revenues which topped $13-billion. Meanwhile, JetBlue (JBLU) missed on both the top and bottom lines with earnings a penny short of expectations. The company says it is now re-thinking routes to maximize profits.
Apple (AAPL) came out with a beat after yesterday's closing bell. The company made $8.26 a share when estimates were for $7.96. Sales were also above expectations at $37.5-billion. Still, traders didn't seem to like the numbers much. Yahoo Finance Editor-in-Chief Aaron Task has more in the video above.
- Health Care Industry