Author Archive: thebuttonwoodproject

Shlumberger Reports Profits In Line; Sees Slowing Growth

Schlumberger, Ltd. (NYSE: SLB – $63.01) posted a larger quarterly profit for the third quarter, as its North American business continues to be helped by strong shale drilling. Net profit attributable to the Houston-based oilfield services company rose to $545 million, and adjusted earnings per share before integration charges related to the Cameron acquisition was $0.42 per share from $0.13 per …

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Danaher Beats Estimates; Lifts Guidance

Shares of Danaher Corp. (NYSE: DHR – $89.75) are rising about 4.3% today as the company announced results for the third quarter of 2017.  Adjusted earnings per share were $1.00, a 15.0% increase over the comparable 2016 period’s $0.87 and five cents above Street estimates. Revenues increased 9.5% year-over-year to $4.5 billion, with adjusted core revenue growth …

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Verizon Builds on Momentum with Strong Results

Conservative choice Verizon Communications, Inc. (NYSE: VZ – $49.53) reported third-quarter adjusted earnings of $0.98 a share, in line with estimates, but three cents shy of the year-ago figure, on a 2.5% top-line improvement. The company’s wireless segment posted a 2.4% drop in revenues, which may be attributed to more customers continuing to choose unsubsidized …

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CVS Health Signs Support Services Deal with Anthem

CVS Health (NYSE: CVS – $74.00) announced a five-year agreement with managed care provider Anthem, Inc. to provide services to support IngenioRx, a new pharmacy benefit manager formed by Anthem. As part of the agreement, CVS’ Caremark unit will manage certain services for IngenioRx, including claims processing and prescription fulfillment. In addition, CVS Health’s bundled …

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CSX Reports Earnings In Line; Revenue Disappoints

CSX Corp. (NYSE: CSX – $53.39) announced third quarter 2017 net earnings of $459 million up from $455 million, in the same period last year. Excluding a $1 million restructuring charge in this year’s results, the east-coast rail’s adjusted earnings per share settled at $0.51 vs. $.048 a year ago and in line with consensus. Revenue increased 1% to $2.74 billion, …

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Johnson & Johnson Reports Strong Results

Johnson & Johnson (NYSE: JNJ – $139.74), the world’s largest maker of health care products, reported third-quarter adjusted earnings of $1.90, compared with the prior year’s $1.68 and ten cents better than analysts’ estimates. Total revenue rose a solid 3.8%. The star performer was the Pharmaceutical sector, which now accounts for almost 50% of total …

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Week In Review 

The Dow Industrials Average was up .43% this week, followed by the S&P 500 – higher by .15% – and the NASDAQ, which moved ahead by .24%, as technology stocks advanced 1.3%, taking a back seat to REITS and consumer staples, up 1.8% and 1.5%, respectively. Telecoms faltered by 4.5%. With the economy chugging along, …

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JPMorgan Chase Earnings, Revenue Tops Projections

September-period reported earnings for JPMorgan Chase & Co. (NYSE: JPM – $95.99) of $1.76 a share exceeded both the $1.58 logged in the comparable quarter of 2016 and the consensus estimate of $1.65. Total revenues of $25.33 billion were up 3% from the same period a year ago and topped the Street projection of $24.91 billion. Meanwhile, expenses in …

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Delta Air Lines Posts Strong Results

Delta Air Lines (NYSE: DAL – $53.07) beat the consensus forecast in its third-quarter earnings and guided expectations for passenger unit revenue in the current period higher than a year earlier. The company reported third quarter adjusted earnings of $1.57 per share, ahead of the $1.53 average estimate from analysts. although lower than the year earlier $1.70. Total revenue rose 5.5% …

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International Paper Hikes Payout

International Paper Co. (NYSE: IP – $57.52) a producer of renewable fiber-based packaging, said that it raised its annual dividend by 2.7% to $1.90 a share. The quarterly dividend was set at $0.475 per share. A dividend for the period from Oct. 1, to Dec. 31, will be paid on Dec. 15, to holders of record at the close of business on Nov. 15.

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