The earnings report, which is expected to be released on May 1, 2019, might help the stock move higher if these key numbers are better than expectations. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This maker of colors, flavors and fragrances is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of -13.5%.
Ross McEwan has resigned as chief executive of Royal Bank of Scotland after completing one of the largest restructurings in UK corporate history and returning the taxpayer-owned bank to profitability. Speaking at the RBS annual meeting on Thursday, Mr McEwan said it was the “right time” for him to step down, after delivering all the changes he promised when he took over in 2013. , head of the bank's commercial and private banking business, is the internal favourite to take the top job as the formal search kicks off, led by headhunters Spencer Stewart.
Oil services company TechnipFMC's saw a slump in revenue and net income in the first quarter, missing expectations but said it had returned to growth as it booked $6.2 billion in orders, the highest since the last quarter of 2014. "Weaker-than-expected activity in North America significantly impacted our quarterly results and has led to a change in the market outlook," Doug Pferdehirt, TechnipFMC's chief executive officer, said in a statement. "Our company has returned to growth, and we are well-positioned to benefit from the recovery underway in many of our key end-markets," Pferdehirt said.
Among the numbers embedded in the UPS (NYSE: UPS) first quarter financial report card released on Thursday was one that got the attention of some industry observers – domestic air shipments rose, year-over-year, by 8 percent, a significant increase. On an annualized basis, UPS' domestic air volumes haven't risen all that much in recent years. For most of the 21st century, industry-wide domestic air growth has been moribund as shippers eschewed high-priced delivery services in favor of less-expensive ground transport.
In a blog post penned by Walmart's "SVP Meat," the retailer spelled out why it's getting into the beef industry. "To answer our customer's demands, we need visibility into every step in the supply chain," wrote Scott Neal. "So, we're working with best-in-class suppliers to create an end-to-end Angus beef supply chain." In the post, Neal noted that Texas rancher Bob McLaren of 44 Farms and Prime Pursuits is helping the Bentonville-based company source cattle raised on family farms and ranches.
Shares rose as much as 2% in after-hours trade on Thursday on the faster shipping announcement for customers around the globe and as Amazon's first-quarter profit trounced estimates thanks to soaring demand for its cloud and ad services. Amazon will spend $800 million in the second quarter on the goal. The announcement adds pressure to rivals Walmart Inc and others already racing to keep pace with the speed and benefits of Amazon's Prime program.
Intel gets crushed on earnings and weak guidance. Is a chip wreck coming? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Masonite (DOOR) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended March 2019. The earnings report, which is expected to be released on May 1, 2019, might help the stock move higher if these key numbers are better than expectations. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
People have driven a Ford (F) truck lately. The maker of the popular F-Series line of trucks said Tuesday it gained market share and grew revenue in its pickup truck category in the first quarter. With F-Series pickups being some of the highest margin products rolling off Ford's assembly lines, it helped power profits in North America $300 million higher from a year ago.
For the third-straight year, a locally based public company has secured the designation as the largest apartment owner in the U.S. Germantown-based MAA, which acquires, develops, redevelops, and manages multifamily housing, ranked No. 1 on the National Multifamily Housing Council's 2019 “50 Largest Apartment Owners” list, with more than 100,000 units owned. The retrofit started in 2013, when MAA and Colonial Properties Trust merged, which took the holdings from 48,000 apartment units to more than 80,000. In 2016, MAA grew again as part of a $4 billion merger with Post Properties Inc. that allowed it to hit the 100,000 number.
Investors took heed of Netflix Inc. s advice to get in on the company's bond offerings while they can, allowing the company to increase the size of the sale to $2.24 billion. The streaming service originally planned to offer $2 billion of debt, but ended up splitting the sale into $900 million and 1.2 billion euros ($1.34 billion) of new bonds, according to people with knowledge of the transaction.
If you're wondering where to protect your nest egg in retirement, look no further than the Sunshine State. Florida is the best state for retirees, unsurprisingly, while Kentucky is the worst, according to a study by WalletHub. WalletHub compiled a list of the best and worst states for retirees, using weighted metrics of affordability, quality of life, and health care.
Famed value investor Bill Nygren, Oakmark portfolio manager, joins 'Fast Money Halftime Report' to discuss General Electric, bank stocks, market sentiment and why he's buying Constellation Brands.
The Australian dollar got hammered during the trading session on Wednesday, reaching towards the vital 0.70 level that I have been paying so much attention to recently. With that in mind, it makes sense that the market will probably go looking to this area for buying pressure, which has been quite reliable for some time. The US dollar has been strengthening in general but keep in mind that the market has been very resilient near the 0.70 level, and of course it shows up on the monthly chart as well.
For most of the past year, CBS Corporation has been working feverishly to stabilize a company that went from the top of its class as the nation's premier broadcaster and Wall Street darling to something of an open sore, burdened by allegations of sexual misconduct against its former chief executive and facing an existential question of whether the company can remain independent in a rapidly changing world of television. On Tuesday, the board of the "Tiffany Network" took a modest step toward dealing with these issues when it decided to give interim chief Joseph Ianniello what could amount to a little more time to remain interim chief, extending his current contract that ends in June for just six more months. The decision was designed to put a cap on the chaos that has engulfed CBS since the downfall of long-time CEO Leslie Moonves last fall over sexual harassment allegations, and as the CBS board decides on the network's future, namely, whether the company should remain independent, according to people with direct knowledge of the matter.
Avnet (AVT) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.08 per share. Avnet, which belongs to the Zacks Electronics - Parts Distribution industry, posted revenues of $4.70 billion for the quarter ended March 2019, missing the Zacks Consensus Estimate by 0.99%. Avnet shares have added about 31.6% since the beginning of the year versus the S&P 500's gain of 16.8%.
On a per-share basis, the Birmingham, Alabama-based company said it had profit of 59 cents. Earnings, adjusted for investment gains, were 8 cents per share. The results fell short of Wall Street expectations.
Wall Street expects a year-over-year decline in earnings on higher revenues when Spartan Motors (SPAR) reports results for the quarter ended March 2019. The earnings report, which is expected to be released on May 2, 2019, might help the stock move higher if these key numbers are better than expectations. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
It has been about a month since the last earnings report for Winnebago Industries (WGO). Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Winnebago reported adjusted earnings of 60 cents per share in the second quarter of fiscal 2019 (ended Feb 23, 2019), beating the Zacks Consensus Estimate of 56 cents.
Shares rose as much as 2% in after-hours trade on Thursday on the faster shipping announcement for customers around the globe and as Amazon's first-quarter profit trounced estimates thanks to soaring demand for its cloud and ad services. Amazon will spend $800 million in the second quarter on the goal. The announcement adds pressure to rivals Walmart Inc and others already racing to keep pace with the speed and benefits of Amazon's Prime programme.
On a per-share basis, the Red Bank, New Jersey-based company said it had profit of 42 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 51 cents per share. The results matched Wall Street expectations.
Dril-Quip Inc. DRQ) on Thursday reported a loss of $6.1 million in its first quarter. The Houston-based company said it had a loss of 17 cents per share.
E-commerce and cloud giant Amazon posted a top and bottom line beat for the first-quarter on Thursday after the close. Shares were volatile after hours but were lately trading down 0.4% to $1,894.94. Amazon reported EPS of $7.09 versus consensus estimates of $4.72, and revenues of $59.70 billion vs. estimates of $59.65 billion.
Wall Street wasn't too impressed with Amazon's guidance during its last earnings report. Amazon (AMZN) is scheduled to report its first quarter earnings after the bell on Thursday. Analysts expect Amazon to report $59.7 billion in sales and $4.67 earnings per share GAAP, according to Bloomberg data.
Amazon Prime is about to get faster. The e-commerce giant Amazon (AMZN) announced it would invest $800 million in the second quarter to transition from its current two-day delivery pledge for Prime members to a one-day delivery pledge. To make it happen, it has been building out fulfillment centers across the country, with over ten under development this year.