Yahoo Finance is tracking Goldman Sachs, Bank of America, Netflix, Harley Davidson and Johnson & Johnson in intraday trading on Tuesday.
Goldman Sachs (GS) – The big bank topped Wall Street earnings expectations on both the top and bottom lines, reporting earnings per share of $3.95 on revenue of $7.89 billion. Despite the beat, Goldman’s under pressure in early trading after posting a 17% drop in trading revenues, the biggest decline of any big bank so far this quarter.
Bank of America (BAC) – Bank of America’s consumer banking unit was a standout performer in its better than expected second quarter earnings results. Revenue from that division jumped 9% to $8.5 billion while net income soared 21% to $2 billion. Bank of America reported a total profit of 46 cents a share on revenue of $22.829 billion.
Netflix (NFLX) – The streaming giant soared past Wall Street expectations on subscriber growth during its historically weak second quarter and offered better than expected guidance for its third quarter. Netflix added 5.2 million net new subscribers during the second quarter, driven by 4.1 million new international customers. Netflix’s strong subscriber growth prompted Bank of America and Cowen to raise their price targets on the stock.
Harley Davidson (HOG) – The motorcycle maker is under pressure after lowering its full-year shipments forecast, highlighting a drop in demand as its baby boomer customer base ages. Harley Davidson now expects to ship 241,000 to 246,000 motorcycles this year, compared with 262,221 in 2016.
Johnson & Johnson (JNJ) – The pharmaceutical giant raised its full year profit guidance and reported a better than expected quarterly profit ahead of the bell Tuesday. Johnson & Johnson posted earnings per share of $1.83 on revenue of $18.84 billion. Wall Street was expecting earnings of $1.80 and sales of $18.95 billion.
For more on Tuesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.