Conservative · Stocks to Consider and Updates

Colgate-Palmolive Reports First Quarter Results; Reaffirms Outlook

Oral health and household products company Colgate-Palmolive (NYSE: CL - $70.69) reported adjusted per share earnings of $0.67, ahead of the $0.66 consensus and seven cents less than last year. Sales fell 3% to $3.884 billion, a whisker ahead of the $3.862 billion estimate figure. Gross profit margins, however, declined to 58.9% from 60.2%. Global… Continue reading Colgate-Palmolive Reports First Quarter Results; Reaffirms Outlook

Conservative · Stocks to Consider and Updates

UPS Delivers Weak Results; Maintains Guidance

United Parcel Service, Inc. (NYSE: UPS - $106.32) blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% in today’s trading. Despite the rough start to the year, the world's largest package delivery company stuck by its forecast for 2019 earnings of $7.45 to $7.75… Continue reading UPS Delivers Weak Results; Maintains Guidance

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3M Misses Estimates; Reigns in Guidance

Shares of 3M Co. (NYSE: MMM - $192.10) are tumbling about 12% after the diversified manufacturer announced disappointing first-quarter financial results and slashed guidance. The company earned $2.23 a share for the March quarter, 11% off the year-earlier tally and well below the Street $2.49 estimate. A top-line miss was a big reason for the… Continue reading 3M Misses Estimates; Reigns in Guidance

Conservative · Income · Stocks to Consider and Updates

Verizon Delivers Mixed Results; Lifts Guidance

Verizon Communications, Inc. (NYSE: VZ - $57.26) reported adjusted earnings for the first quarter of $1.20 per share, up from $1.17 in the same period a year ago and four cents ahead of analysts’ estimates. Total revenue of $32.13 billion was up 1.1% from the same period a year ago, but a bit below what the Street was expecting at $32.3… Continue reading Verizon Delivers Mixed Results; Lifts Guidance

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Danaher Tops First Quarter Estimates; Cuts 2019 Profit Outlook

Danaher Corp. (NYSE: DHR - $128.60), based in Washington, DC, announced results for the first quarter with net earnings of $333.8 million. The manufacturer of professional, medical, industrial and commercial instruments said adjusted net earnings per share were $1.07, which represents an 8% increase over the comparable 2018 period and six cents better than Street… Continue reading Danaher Tops First Quarter Estimates; Cuts 2019 Profit Outlook

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Schlumberger Reports In-Line; Improves Outlook

Revenue for the world's largest oil services provider Schlumberger, Ltd. (NYSE: SLB - $46.69) increased 1% to $7.9 billion from a year ago and in line with consensus. International revenue of $5 billion increased 3% year-on-year thanks to a strong showing in Latin America. North American revenue decreased 3% compared to last year’s first period. Operating income of $908 million decreased 7%… Continue reading Schlumberger Reports In-Line; Improves Outlook

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ABB Posts Strong Revenue Growth; CEO Departs

Swiss engineering and robotics giant ABB Ltd. (NYSE: ABB - $21.05) reported  that net profit for the first period dropped 6% to $535 million, but easily outstripped a consensus of $431.5 million. On a per share basis, adjusted earnings totaled $0.31 and ahead of Street views of $0.22. Revenue for the period was up 6%… Continue reading ABB Posts Strong Revenue Growth; CEO Departs