The Board of Directors of United Parcel Service, Inc. (NYSE: UPS - $110.87) announced a 5.5% increase to its regularly quarterly dividend to $0.96 per share. The dividend is payable March 12, 2019 to shareholders of record on February 26, 2019. The new annualized rate effective with this increase will be $3.84 per share and yield 3.4% at current… Continue reading UPS Raises Dividend
Applied Materials, Inc. (NASDAQ: AMAT - $39.38) said it generated revenue of $3.75 billion in the first fiscal quarter of 2019. On an adjusted basis, the semiconductor equipment and display maker reported a gross margin of 44.6%, operating income of $925 million and earnings per share of $0.81 compared to $1.06 last year, but two cents ahead of Street… Continue reading Applied Materials Beats Expectations; Lowers Guidance
Agriculture and construction manufacturer Deere & Co. (NYSE: DE - $159.00) missed Wall Street's estimates, hurt by higher raw materials and logistics costs as well as by slowing trade between the United States and its partners, particularly China, The results sent its shares 2% lower in today's trading. For the first quarter, Deere had net revenue of $7.984 billion up… Continue reading Deere Misses Earnings on Strong Sales; Maintains Outlook
Networking equipment and software provider Cisco Systems (NASDAQ: CSCO - $49.21) reported strong fiscal second quarter results that were a penny higher than Street views. Total revenue of $12.4 billion grew 7% year-over- year, also beating estimates of $12.42 billion. Product sales increased 9%, while service revenue rose 1%. Product orders increased 8% and acquisitions benefited… Continue reading Cisco Beats Estimates; Hikes Dividend and Buyback Program
Downstream energy giant Marathon Petroleum Corp. (NYSE: MPC - $63.68) posted fourth quarter adjusted earnings of $2.41 per share, which excludes $1.06 per share of purchase accounting related inventory effects, expenses associated with the Andeavor combination and MPLX debt extinguishing costs, compared with the prior-year period's $1.03 per share. Analysts were expecting adjusted earnings of $1.96 for the quarter. The beat was roughly… Continue reading Marathon Petroleum Posts Mixed Results; Hikes Dividend
East coast rail and intermodal carrier CSX Corp. (NYSE: CSX - $67.56) said its board approved increasing the quarterly dividend by 9% to $0.24 a share. The dividend will be paid on March 15 to shareholders of record on Feb. 28. The new $0.96 annual rate will yield 1.4%.
French integrated energy giant Total SA (NYSE: TOT - $54.77) reported adjusted net profit rose in the fourth quarter to $3.16 billion from $2.87 billion a year earlier, largely as a result of increased production volumes and reduced costs. On a per share basis, the company said it earned $1.17 compared to $1.10 last year and in… Continue reading Total Reports 4th Quarter Results: Increases Dividend