Gold Edges Lower Gold Edges Lower
Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations
UPS Beats Expectations in Second Quarter UPS Beats Expectations in Second Quarter
Natural Gas Edges Lower Natural Gas Edges Lower
Market News UPS Beats Expectations in Second Quarter

UPS Beats Expectations in Second Quarter

United Parcel Services (UPS) reported second-quarter results that came in better than Wall Street expected as gains in the domestic segment offset a weaker performance in the international division amid demand for next-day delivery that was driven by online shopping. Adjusted earnings rose to $1.96 a share from $1.94 a share in the same period of 2018, while the consensus […]

Stock Watch Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations

Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations

Procter & Gamble’s (PG) fiscal fourth-quarter results came in ahead of analysts’ expectations as the consumer-products maker said its organic sales growth got a benefit from higher prices and positive mix. Net sales rose 4% to $17.1 billion, ahead of the consensus on Capital IQ for $16.9 billion. Excluding the impact of foreign exchange, acquisitions and divestitures, organic sales rose […]

Finance Wynn Resorts Says Proxy Firms Back Plans for Board Nominees, Executive Pay

Wynn Resorts Says Proxy Firms Back Plans for Board Nominees, Executive Pay

Wynn Resorts (WYNN) said proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that shareholders vote for the casino and resort company’s planned executive compensation proposal and endorse all three directors who are up for re-election. “”Given the very high level of refreshment of the Company’s management and board, as well as the remedial actions […]

Earnings Scorpio Bulkers Swings to Profit in Q1, Revenue Exceeds Estimates

Scorpio Bulkers Swings to Profit in Q1, Revenue Exceeds Estimates

Scorpio Bulkers (SALT) reported pre-market Monday Q1 adjusted earnings of $0.06 per share compared to a loss of $0.08 per share in the prior-year period. Analysts polled by Capital IQ were expecting a net loss of $0.18 per share. Vessel revenue for the March quarter dropped to $50.4 million from $54.3 million in the first quarter of 2018. The CapIQ […]

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Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations

Procter & Gamble’s Fiscal Fourth-Quarter Results Beat Expectations

Procter & Gamble’s (PG) fiscal fourth-quarter results came in ahead of analysts’ expectations as the consumer-products maker said its organic sales growth got a benefit from higher prices and positive mix. Net sales rose 4% to $17.1 billion, ahead of the consensus on Capital IQ for $16.9 billion. Excluding the impact of foreign exchange, acquisitions and divestitures, organic sales rose […]

UPS Beats Expectations in Second Quarter

UPS Beats Expectations in Second Quarter

United Parcel Services (UPS) reported second-quarter results that came in better than Wall Street expected as gains in the domestic segment offset a weaker performance in the international division amid demand for next-day delivery that was driven by online shopping. Adjusted earnings rose to $1.96 a share from $1.94 a share in the same period of 2018, while the consensus […]

Natural Gas Edges Lower

Natural Gas Edges Lower

Natural gas prices were trading lower early on Friday despite a heat-wave in high demand regions as production continues to outstrip demand, with the U.S. Energy Information Administration a day earlier reporting another big build in stored supplies. Gas for August delivery was last seen down US$0.01 to US$2.28 per million British thermal units in Nymex electronic trade, the lowest […]

JPMorgan Chase Tops Expectations With Second-Quarter Results

JPMorgan Chase Tops Expectations With Second-Quarter Results

JPMorgan Chase (JPM) reported second-quarter results that came in ahead of Wall Street’s expectations, with its chief executive offering upbeat comments about US consumers even as geopolitical uncertainty hindered the markets segment and the bank lowered its view for full-year net interest income. Earnings increased to $2.82 a share from $2.65 in the same period of 2018, ahead of the […]

Adobe Systems Upgraded to Overweight by Morgan Stanley, Price Target Raised to $340

Adobe Systems Upgraded to Overweight by Morgan Stanley, Price Target Raised to $340

Adobe Systems (ADBE) received an investment-rating upgrade Monday to overweight from equal-weight from Morgan Stanley as the firm said it expects the software company’s earnings per share to have a compound annual growth rate of at least 20% over the next three years even if digital-media growth begins to wane. The firm also raised its price target on Adobe’s shares […]

Scorpio Bulkers Swings to Profit in Q1, Revenue Exceeds Estimates

Scorpio Bulkers Swings to Profit in Q1, Revenue Exceeds Estimates

Scorpio Bulkers (SALT) reported pre-market Monday Q1 adjusted earnings of $0.06 per share compared to a loss of $0.08 per share in the prior-year period. Analysts polled by Capital IQ were expecting a net loss of $0.18 per share. Vessel revenue for the March quarter dropped to $50.4 million from $54.3 million in the first quarter of 2018. The CapIQ […]

Wynn Resorts Says Proxy Firms Back Plans for Board Nominees, Executive Pay

Wynn Resorts Says Proxy Firms Back Plans for Board Nominees, Executive Pay

Wynn Resorts (WYNN) said proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that shareholders vote for the casino and resort company’s planned executive compensation proposal and endorse all three directors who are up for re-election. “”Given the very high level of refreshment of the Company’s management and board, as well as the remedial actions […]