Boeing (BA) reported quarterly results that beat analysts’ earnings and revenue estimates. However, the company forecast per share earnings and revenue for the year below analysts' estimates. Among the positives outlined in the report, higher production of the 787 Dreamliner, despite glitches, as well as stronger results in the company’s defense, space and security division despite tight defense budgets.
Dow Chemical (DOW) reported adjusted earnings this morning that beat estimates by $0.22 a share and revenue that rose 3%, also above estimates. The company also increased its dividend 15% to $0.37 a share and expanded its share-repurchase program by $3 billion to $4.5 billion.
Jet Blue (JBLU) reported profits this morning of $0.14 a share. That beat estimates by a penny while revenue climbed 14.3% from last year. Higher airfares for JetBlue helped bolster the company's revenue, though it did warn that current quarter results would be hurt by recent flight cancellations due to severe weather in recent months.
Our parent company, Yahoo (YHOO) reported adjusted earnings that beat estimates by $0.07 a share. Revenue was in line with expectations. Yahoo reported its display ad revenue fell 6% from the previous year, which was more than what analysts were expecting.
Facebook (FB) is scheduled to report earnings after the close today. The company is expected to earn $0.27 a share. Analysts expect profits and revenue to rise from last year. Investors are eager to hear what the company has to say about teen-user growth as well as the company's plans for video ads and Instagram. Since its IPO in May of 2012, Facebook shares are up 44%.
And Google (GOOG) and the European Union are reportedly close to settling a three year investigation into the company's suspected anti-competitive behavior. Reuters reporting an agreement could come as soon as this week. A settlement under the European Commission's rules would mean Google could avoid fines of as much as $5 billion dollars.